RLI Corp director receives 2,506 RSUs in grant

RLI Corp director Robert P. Restrepo Jr. reported routine equity compensation activity.

Rhea-AI Filing Summary

RLI Corp director Robert P. Restrepo Jr. reported routine equity compensation activity. On May 14, 2026, he received a grant of 2,506 restricted stock units (RSUs), scheduled to vest 100% on the earlier of the 2027 Annual Shareholders' Meeting or one year after grant.

On May 13, 2026, 1,681 RSUs vested and converted into 1,681 shares of common stock, and an additional 68 common shares were acquired from the vesting of accrued special and regular dividend equivalents on RSUs. Following these transactions, he directly holds 26,501 shares of common stock and 2,506 RSUs, with no sales reported.

Insider Trade Summary

1,681 shares exercised/converted

Exercise 4 txns

Insider RESTREPO ROBERT P JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	2,506	$0.00	$0.00
Exercise	Restricted Stock Unit	1,681	$0.00	$0.00
Exercise	Common Stock	1,681	$0.00	$0.00
Other	Common Stock	68	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 2,506 contracts (Direct); Common Stock — 26,501 shares (Direct)

Footnotes (4)

1. F1. Shares acquired on the vesting of restricted stock units.
2. F2. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
3. F3. 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.
4. F4. 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.

Key Figures

New RSU grant: 2,506 RSUs RSUs vested into shares: 1,681 shares Dividend-equivalent shares: 68 shares +2 more

5 metrics

New RSU grant 2,506 RSUs Granted on May 14, 2026 to director Restrepo

RSUs vested into shares 1,681 shares RSUs vested and converted to common stock on May 13, 2026

Dividend-equivalent shares 68 shares Shares from vesting of accrued dividend equivalents on RSUs

Common shares after transactions 26,501 shares Direct holdings of common stock following Form 4 transactions

RSUs after grant 2,506 RSUs Unvested restricted stock units scheduled to vest by 2027 meeting

Key Terms

Restricted Stock Unit, dividend equivalents, Annual Shareholders' Meeting, Form 4

4 terms

Restricted Stock Unit financial

"Shares acquired on the vesting of restricted stock units."

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.

dividend equivalents financial

"Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Annual Shareholders' Meeting financial

"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."

Form 4 regulatory

"The Form 4 shows equity awards vesting and a new RSU grant."

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did RLI (RLI) director Robert P. Restrepo Jr. receive?

Robert P. Restrepo Jr. received a grant of 2,506 restricted stock units (RSUs). These RSUs represent share-based compensation that can convert into common stock once vesting conditions tied to time and company meetings are satisfied.

When do the newly granted RSUs to RLI (RLI) director vest?

The 2,506 RSUs are scheduled to vest 100% on the earlier of the RLI Corp 2027 Annual Shareholders' Meeting or one year after the grant date, providing a clear time-based vesting trigger for the award.

How many RLI (RLI) shares did Restrepo acquire from RSU vesting?

On May 13, 2026, 1,681 restricted stock units vested and converted into 1,681 shares of RLI common stock. This reflects the delivery of underlying shares as previously granted RSUs reached their vesting date.

What are dividend-equivalent shares in RLI (RLI) RSU awards?

Dividend-equivalent shares are additional shares earned on RSUs as if dividends were paid. Restrepo acquired 68 common shares through the vesting of accrued special and regular dividend equivalents on his restricted stock units.

How many RLI (RLI) shares does Restrepo hold after these transactions?

After the reported transactions, Robert P. Restrepo Jr. directly holds 26,501 shares of RLI common stock and 2,506 restricted stock units. These positions combine previously held shares with new shares from RSU vesting and dividend equivalents.

Did the RLI (RLI) director sell any shares in this Form 4 filing?

No share sales were reported. The Form 4 shows equity awards vesting and a new RSU grant, resulting in additional common shares and RSUs, but does not disclose any open-market or other sales transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:15 PM Learn about SEC filing dates

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
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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^*

RESTREPO ROBERT P JR

(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)

X	Director		10% 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)

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
Common Stock	05/13/2026		M(1)		1,681	A	$0	26,433	D
Common Stock	05/13/2026		J(2)		68	A	$0	26,501	D

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
Restricted Stock Unit	(1)	05/13/2026		M(1)			1,681	(3)	(3)	Common Stock	1,681	$0	0	D
Restricted Stock Unit	(1)	05/14/2026		A		2,506		(4)	(4)	Common Stock	2,506	$0	2,506	D

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. 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.

4. 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-Fact	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)