RLI Corp VP and controller retires Sept. 2026
A former vice president and controller of RLI CORP retired on September 8, 2026 and is no longer subject to Section 16 insider reporting.
Rhea-AI Filing Summary
RLI CORP (RLI) filed an ownership report noting that Seth Anthony Davis, who served as Vice President and Controller, retired effective September 8, 2026.
Following this retirement, he is no longer subject to Section 16 reporting requirements for transactions in RLI CORP equity securities and will not file future Forms 4 or 5.
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Key Figures
Retirement effective date: September 8, 2026
1 metrics
Retirement effective date
September 8, 2026
Effective date of Seth Anthony Davis’s retirement as Vice President, Controller
Key Terms
Section 16, Form 4, equity securities
3 terms
Section 16 regulatory
"no longer subject to Section 16 in connection with his transactions"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Form 4 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
equity securities financial
"his transactions in the equity securities of RLI Corp."
Equity securities are financial instruments that represent ownership shares in a company, like owning a slice of a pie that gives you a claim on its assets and future profits. They matter to investors because ownership can provide returns through price appreciation and occasional profit distributions, and may include voting power to influence company decisions, so their value reflects the firm’s performance and investor expectations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change does this Form 4 report for RLI (RLI)?
It reports that Seth Anthony Davis, Vice President and Controller of RLI CORP, retired effective September 8, 2026. As a result, he is no longer subject to Section 16 requirements for RLI CORP equity securities and will not file further Forms 4 or 5.
What is the effective date of the officer’s retirement at RLI (RLI)?
The effective date of the retirement is September 8, 2026. After that date, Seth Anthony Davis is no longer required to report his transactions in RLI CORP equity securities under Section 16.
Will Seth Anthony Davis continue filing Forms 4 or 5 for RLI (RLI)?
No. The filing states that, due to his retirement as of September 8, 2026, he is no longer subject to Section 16 for RLI CORP equity securities and therefore will no longer report transactions on Form 4 or Form 5.
Does this RLI (RLI) Form 4 involve a Rule 10b5-1 trading plan?
No. The document-level indicator shows the Rule 10b5-1 checkbox is not selected, and there are no transactions reported that would be associated with a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.