RLI Corp (NYSE: RLI) COO adds 2,000 shares in insider purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLI Corp’s Chief Operating Officer Jennifer L. Klobnak made an open-market purchase of 2,000 shares of the company’s Common Stock at $52.72 per share. Following this transaction, she directly owns 104,318 shares of RLI Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares ($105,440)
Net Buy
1 txn
Insider
Klobnak Jennifer L
Role
CHIEF OPERATING OFFICER
Bought
2,000 shs ($105K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $52.72 | $105K |
Holdings After Transaction:
Common Stock — 104,318 shares (Direct, null)
Footnotes (1)
Key Figures
Shares purchased: 2,000 shares
Purchase price: $52.72 per share
Post-transaction holdings: 104,318 shares
3 metrics
Shares purchased
2,000 shares
Open-market purchase of Common Stock
Purchase price
$52.72 per share
Price for the 2,000-share open-market buy
Post-transaction holdings
104,318 shares
Total Common Stock directly owned after purchase
Key Terms
open-market purchase, Common Stock, Form 4, CHIEF OPERATING OFFICER
4 terms
open-market purchase financial
"transaction_action: "open-market purchase""
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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
CHIEF OPERATING OFFICER financial
"officer_title: "CHIEF OPERATING OFFICER""
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
FAQ
What insider transaction did RLI (RLI) report for Jennifer L. Klobnak?
RLI reported that COO Jennifer L. Klobnak made an open-market purchase of 2,000 shares of Common Stock. The transaction was coded as a "P" purchase and classified as a non-derivative acquisition of RLI common shares.
Was the recent RLI (RLI) insider transaction a buy or sell?
The recent insider transaction by RLI’s COO Jennifer L. Klobnak was a buy. The Form 4 shows a "P" code, indicating a purchase in the open market or private transaction, with no reported share sales in this filing.
Does the RLI (RLI) Form 4 show any derivative securities activity?
The Form 4 data shows no derivative securities activity for this transaction. The purchase involved only non-derivative Common Stock, and the derivativeSummary section is empty, indicating no options or similar instruments were exercised or converted.