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RLI (RLI) director Duclos gets 3,508 RSUs as 2,353 units vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RLI Corp director David B. Duclos reported routine equity compensation and related share movements. On May 14, 2026, he received a grant of 3,508 restricted stock units, which will vest 100% on the earlier of the 2027 annual shareholders' meeting or one year after grant.

On May 13, 2026, 2,353 restricted stock units vested into 2,353 shares of common stock, and 135 additional shares were acquired through dividend reinvestment in a Directors' Trust. Following these transactions, Duclos holds 18,522.6869 common shares indirectly through the Directors' Trust and 3,508 unvested restricted stock units directly.

Positive

  • None.

Negative

  • None.

Insights

Filing shows routine director equity grants and vesting activity.

Director David B. Duclos received 3,508 restricted stock units as part of his compensation, and 2,353 previously granted units vested into common shares. A small 135-share increase came from dividend reinvestment within a Directors' Trust, not open-market trading.

The absence of any open-market purchases or sales and the empty remaining derivative summary after the vesting indicate standard compensation and trust-related updates. Future company filings will reflect additional grants or vesting events as they occur, but this activity alone does not materially change the company’s outlook.

Insider Duclos David B.
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 3,508 $0.00 --
Exercise Restricted Stock Unit 2,353 $0.00 --
Exercise Common Stock 2,353 $0.00 --
Other Common Stock 135 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 3,508 shares (Direct, null); Common Stock — 18,387.687 shares (Indirect, Directors' Trust)
Footnotes (1)
  1. Shares acquired on the vesting of restricted stock units. Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/25. Ownership reflects dividend reinvestment. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2026 Annual Shareholders' Meeting or (2) one year after the date of grant. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2027 Annual Shareholders' Meeting or (2) one year after the date of grant.
RSUs granted 3,508 units Restricted stock unit grant to director on May 14, 2026
RSUs vested 2,353 units Restricted stock units vesting into common shares on May 13, 2026
Dividend reinvestment shares 135 shares Common shares acquired via dividend reinvestment in Directors' Trust
Indirect common shares after transactions 18,522.6869 shares Common stock held indirectly through Directors' Trust after May 13, 2026
Unvested RSUs after grant 3,508 units Restricted stock units scheduled to vest by 2027 meeting or one year after grant
Restricted Stock Unit financial
"Shares acquired on the vesting of restricted stock units."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Directors' Trust financial
"Common Stock held with nature of ownership listed as Directors' Trust."
dividend reinvestment financial
"Ownership reflects dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
special and regular dividend equivalents financial
"Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units."
2-for-1 stock split financial
"Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/25."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Duclos David B.
(Last)(First)(Middle)
9025 N. LINDBERGH DRIVE
(Street)
PEORIA ILLINOIS 61615
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
RLI CORP [ RLI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/13/2026M(1)2,353A$018,387.6869(2)I(3)Directors' Trust
Common Stock05/13/2026J(4)135A$018,522.6869IDirectors' Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)05/13/2026M(1)2,353 (5) (5)Common Stock2,353$00D
Restricted Stock Unit(1)05/14/2026A3,508 (6) (6)Common Stock3,508$03,508D
Explanation of Responses:
1. Shares acquired on the vesting of restricted stock units.
2. Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/25.
3. Ownership reflects dividend reinvestment.
4. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
5. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2026 Annual Shareholders' Meeting or (2) one year after the date of grant.
6. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2027 Annual Shareholders' Meeting or (2) one year after the date of grant.
/s/ Jeffrey D. Fick, Attorney-in-Fact05/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did RLI (RLI) director David B. Duclos report?

David B. Duclos reported a grant of 3,508 restricted stock units and the vesting of 2,353 restricted stock units into common shares, plus 135 additional shares from dividend reinvestment in a Directors' Trust. These transactions reflect compensation and trust-related activity, not open-market trading.

How many restricted stock units were granted to RLI (RLI) director David B. Duclos?

Duclos received a grant of 3,508 restricted stock units. These units represent a stock-based incentive that vests over time, aligning his interests with shareholders. The filing states they will vest 100% on the earlier of the 2027 annual shareholders' meeting or one year after the grant date.

What vesting activity did RLI (RLI) disclose for David B. Duclos’s restricted stock units?

On May 13, 2026, 2,353 of Duclos’s restricted stock units vested into 2,353 common shares. The filing notes these shares were acquired upon vesting of restricted stock units and related dividend equivalents, reflecting a scheduled compensation event rather than an open-market purchase.

How many RLI (RLI) shares does David B. Duclos hold after these transactions?

After the reported transactions, Duclos holds 18,522.6869 shares of RLI common stock indirectly through a Directors' Trust, plus 3,508 unvested restricted stock units directly. This position reflects both long-term share ownership and ongoing equity-based compensation in the company.

Were there any open-market buys or sells by RLI (RLI) director David B. Duclos in this Form 4?

No open-market purchases or sales are reported. The Form 4 shows a grant of restricted stock units, vesting of previously granted units into common shares, and a 135-share increase from dividend reinvestment in a Directors' Trust, all of which are non-market compensation-related events.

What is the significance of dividend reinvestment in the RLI (RLI) Directors' Trust for David B. Duclos?

The filing notes that ownership reflects dividend reinvestment, which added 135 common shares to the Directors' Trust holdings. Dividend reinvestment automatically converts cash dividends into additional shares, modestly increasing Duclos’s indirect ownership without any discretionary share purchases or sales.