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RLI (RLI) director Paul Bennett gets 2,506 RSUs, exercises 1,681 into shares

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

Rhea-AI Filing Summary

RLI Corp director Paul Bennett reported routine equity compensation and related transactions. He received a grant of 2,506 restricted stock units, which are scheduled to vest 100% on the earlier of the RLI Corp 2027 Annual Shareholders' Meeting or one year after the grant date.

Bennett also exercised 1,681 restricted stock units into an equal number of common shares and now holds 9,096.229 common shares indirectly through a Directors' Trust, with ownership reflecting dividend reinvestment. Following these moves, he holds 2,506 restricted stock units directly and no remaining units from the exercised grant.

Positive

  • None.

Negative

  • None.
Insider MEDINI PAUL BENNETT
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 2,506 $0.00 --
Exercise Restricted Stock Unit 1,681 $0.00 --
Exercise Common Stock 1,681 $0.00 --
Other Common Stock 68 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 2,506 shares (Direct, null); Common Stock — 9,028.229 shares (Indirect, Directors' Trust)
Footnotes (1)
  1. Shares acquired on the vesting of restricted stock units. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units. Ownership reflects dividend reinvestment. 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.
RSU grant 2,506 units Restricted stock units granted to director Paul Bennett
RSU exercise 1,681 units Restricted stock units converted into common stock
Indirect common shares 9,096.229 shares Common stock held indirectly via Directors' Trust after transactions
Additional trust shares 68 shares Other acquisition or disposition reflecting dividend reinvestment
RSUs remaining from new grant 2,506 units Restricted stock units held directly after reported transactions
Restricted Stock Unit financial
"He received a grant of 2,506 restricted stock units, which are scheduled to vest"
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
"now holds 9,096.229 common shares indirectly through a Directors' Trust"
dividend reinvestment financial
"with ownership reflecting 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.
derivative exercise financial
"also exercised 1,681 restricted stock units into an equal number of common shares"
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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*
MEDINI PAUL BENNETT
(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)1,681A$09,028.229IDirectors' Trust
Common Stock05/13/2026J(2)68A$09,096.229(3)IDirectors' 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)1,681 (4) (4)Common Stock1,681$00D
Restricted Stock Unit(1)05/14/2026A2,506 (5) (5)Common Stock2,506$02,506D
Explanation of Responses:
1. Shares acquired on the vesting of restricted stock units.
2. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
3. Ownership reflects dividend reinvestment.
4. 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.
5. 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 Paul Bennett report?

Paul Bennett reported a grant of 2,506 restricted stock units and the exercise of 1,681 restricted stock units into common shares. He also recorded 68 additional common shares through ownership changes reflecting dividend reinvestment in a Directors' Trust.

How many RLI (RLI) restricted stock units did Paul Bennett receive?

Paul Bennett received 2,506 restricted stock units. These units are a form of equity compensation that convert into common stock if vesting conditions are met, aligning his interests with shareholders over the specified vesting period.

When will Paul Bennett’s new RLI restricted stock units vest?

The 2,506 restricted stock units are scheduled to vest 100% on the earlier of the RLI Corp 2027 Annual Shareholders' Meeting or one year after the grant date, creating a clear time-based vesting schedule for this equity award.

How many RLI common shares does Paul Bennett hold after these transactions?

After the reported transactions, Paul Bennett holds 9,096.229 RLI common shares indirectly through a Directors' Trust. This figure reflects dividend reinvestment and the exercise of 1,681 restricted stock units into common shares held in that trust.

Did Paul Bennett sell any RLI (RLI) shares in this Form 4 filing?

The filing does not show any open-market sales. It reports a grant of restricted stock units, an exercise of 1,681 restricted stock units into common shares, and ownership changes in a Directors' Trust related to dividend reinvestment and restructuring.

What does the Directors' Trust mean in Paul Bennett’s RLI holdings?

The Directors' Trust holds 9,096.229 RLI common shares for Paul Bennett indirectly. Footnotes state that ownership reflects dividend reinvestment, and one transaction coded “J” records 68 shares tied to other acquisition or disposition within this trust structure.