RLI Corp (NYSE: RLI) awards 1,500 stock options to finance VP
Rhea-AI Filing Summary
RLI Corp reported that Vice President, Controller Seth Anthony Davis received a grant of stock options covering 1,500 shares of Common Stock on 2026-08-03. The options have an exercise price of $61.29 per share, expire on 2034-08-03, and may be exercised in 20% annual increments starting 2027-08-03.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davis Seth Anthony
Role
VICE PRESIDENT, CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1 | 1,500 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 1,500 shares (Direct)
Footnotes (1)
- F1. Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.
Key Figures
Stock options granted: 1,500 options
Exercise price: $61.2900 per share
Expiration date: 2034-08-03
+4 more
7 metrics
Stock options granted
1,500 options
Grant to Seth Anthony Davis on 2026-08-03
Exercise price
$61.2900 per share
Exercise price for granted stock options
Expiration date
2034-08-03
Options expire on this date
Underlying common shares
1,500 shares
Common Stock underlying the options
Post-grant option holdings
1,500 options
Total derivative securities following the transaction
Annual exercisable portion
20%
Portion of options exercisable each year starting one year after grant
First exercise date
2027-08-03
Date when first 20% of options become exercisable
Key Terms
Stock Option, exercise price, aggregate number of shares
3 terms
Stock Option financial
"security_title shows "Stock Option" for the derivative grant"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"conversion_or_exercise_price is the option's exercise price per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RLI (RLI) disclose for Seth Anthony Davis?
RLI disclosed that Vice President, Controller Seth Anthony Davis received stock options for 1,500 shares of Common Stock on 2026-08-03, at an exercise price of $61.29 per share, expiring on 2034-08-03, as a compensation-related grant.
What is the exercise price of the new RLI (RLI) stock options?
The newly granted stock options have an exercise price of $61.29 per share. This is the fixed price at which Seth Anthony Davis may purchase RLI Common Stock when the options become exercisable over the stated vesting schedule.
When do Seth Anthony Davis’s RLI (RLI) stock options start to vest and become exercisable?
The options may begin to be exercised on 2027-08-03. According to the option schedule, 20% of the aggregate shares become exercisable one year from the grant date and each year thereafter in 20% increments until fully exercisable.
What is the expiration date of the RLI (RLI) stock options granted to Seth Anthony Davis?
The granted stock options expire on 2034-08-03. If not exercised before this expiration date, the right to purchase the underlying 1,500 shares of RLI Common Stock at the $61.29 exercise price will lapse.
Does the RLI (RLI) filing indicate any stock sales by Seth Anthony Davis?
The filing reports only a grant of stock options to Seth Anthony Davis and shows no stock sales or purchases of RLI Common Stock. The transaction is categorized as a grant, award, or other acquisition of derivative securities.