RLI Corp (RLI) grants chief legal officer 7,500 stock options

Rhea-AI Filing Summary

RLI Corp’s chief legal officer, Jeffrey D. Fick, received a grant of stock options covering 7,500 shares of common stock. The options carry an exercise price of $49.88 per share and expire on May 14, 2034. According to the vesting schedule, 20% of the options become exercisable one year after the grant date, with an additional 20% vesting on each anniversary thereafter until fully vested. This is a compensation-related award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FICK JEFFREY D

Role CHIEF LEGAL OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	7,500	$0.00	--

Holdings After Transaction: Stock Option — 7,500 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock options granted: 7,500 options Exercise price: $49.88 per share Options outstanding after grant: 7,500 options +2 more

5 metrics

Stock options granted 7,500 options Grant to chief legal officer, derivative security

Exercise price $49.88 per share Strike price for common stock underlying options

Options outstanding after grant 7,500 options Total derivative holdings following this transaction

Expiration date May 14, 2034 Final exercise date for granted stock options

Vesting schedule 20% annually over 5 years Starting one year from grant date per option schedule

Key Terms

Stock Option, exercise price, expiration date, Grant, award, or other acquisition, +1 more

5 terms

Stock Option financial

"security_title: "Stock Option""

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: "49.8800""

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.

expiration date financial

"expiration_date: "2034-05-14T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

underlying security financial

"underlying_security_title: "Common Stock""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

FICK JEFFREY D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF LEGAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$49.88	05/14/2026		A		7,500		05/14/2027(1)	05/14/2034	Common Stock	7,500	$0	7,500	D

Explanation of Responses:

1. 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.

	/s/ Jeffrey D. Fick	05/15/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transaction did RLI (RLI) report for Jeffrey D. Fick?

RLI reported that chief legal officer Jeffrey D. Fick received a grant of stock options for 7,500 shares. These options are a compensation award, not an open-market trade, and give him the right to buy RLI common stock at a fixed price.

What is the exercise price of the new RLI (RLI) stock options?

The new stock options granted to Jeffrey D. Fick have an exercise price of $49.88 per share. This means he can later buy RLI common stock at $49.88, regardless of the market price at the time of exercise.

When do Jeffrey D. Fick’s RLI (RLI) options start vesting?

Twenty percent of the granted options may be exercised starting one year from the grant date. Another 20% becomes exercisable on each anniversary of the grant, creating a five-year vesting schedule that encourages long-term alignment with shareholders.

When do the RLI (RLI) stock options granted to Jeffrey D. Fick expire?

These RLI stock options expire on May 14, 2034. If they are not exercised by that date, they lapse and become worthless, so the value to Fick depends on RLI’s share price before expiration.

Is the RLI (RLI) Form 4 transaction a stock purchase or sale?

The Form 4 reflects a grant of stock options, not a direct stock purchase or sale. It is classified as a grant or award acquisition, meaning Fick received options as part of his compensation package rather than trading shares in the market.