RLI Corp (NYSE: RLI) CEO buys 5,000 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLI Corp’s chief executive officer, Craig W. Kliethermes, bought 5,000 shares of RLI common stock in an open-market purchase at $52.00 per share. After this transaction, he directly owns 148,990 common shares. Footnotes note prior stock option adjustments for a 2-for-1 stock split and that ownership reflects dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares ($260,000)
Net Buy
1 txn
Insider
Kliethermes Craig W
Role
CHIEF EXECUTIVE OFFICER
Bought
5,000 shs ($260K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $52.00 | $260K |
Holdings After Transaction:
Common Stock — 148,990 shares (Direct, null)
Footnotes (1)
- 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.
Key Figures
Shares purchased: 5,000 shares
Purchase price: $52.00 per share
Shares held after transaction: 148,990 shares
+2 more
5 metrics
Shares purchased
5,000 shares
Open-market purchase of common stock on 2026-05-21
Purchase price
$52.00 per share
Price paid for RLI common stock
Shares held after transaction
148,990 shares
Direct ownership following the purchase
Net buy/sell shares
5,000 shares
Net result of reported transactions (net-buy)
Number of buy transactions
1 transaction
Open-market purchase coded as P
Key Terms
open-market purchase, 2-for-1 stock split, dividend reinvestment
3 terms
open-market purchase financial
"transaction_action is described as an open-market purchase of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
2-for-1 stock split financial
"Stock option grant price and number adjusted to reflect 2-for-1 stock split"
dividend reinvestment financial
"Footnote states that 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.
FAQ
What insider transaction did RLI (RLI) report for its CEO?
RLI reported that CEO Craig W. Kliethermes bought 5,000 common shares. The open-market purchase occurred at $52.00 per share and increased his direct ownership to 148,990 common shares after the transaction.
Was the recent RLI (RLI) CEO transaction a purchase or a sale?
The recent CEO transaction reported for RLI was a purchase. Craig W. Kliethermes executed an open-market buy of 5,000 shares of RLI common stock, coded as a “P” transaction on the Form 4.
Does the RLI (RLI) Form 4 mention any stock split adjustments?
Yes, a footnote explains adjustments for a 2-for-1 stock split. It states that the stock option grant price and number of stock options were adjusted to reflect a 2-for-1 split that occurred on January 15, 2025.
What do the footnotes in the RLI (RLI) Form 4 say about ownership?
One footnote states that ownership reflects dividend reinvestment. This indicates the CEO’s reported holdings incorporate shares accumulated through reinvested dividends, in addition to directly purchased shares.