RLI Corp (RLI) grants chief legal officer 3,750 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLI Corp reported that Chief Legal Officer Jeffrey D. Fick received a grant of stock options for 3,750 shares of common stock on February 2, 2026. The options have an exercise price of $58.74 per share and were received at no cost to him.
According to the option schedule, 20% of the 3,750 options become exercisable one year after the grant date, with an additional 20% vesting each year in similar increments until fully vested. The options expire on February 2, 2034 if not exercised. Following this grant, Fick beneficially holds 3,750 derivative securities directly.
Positive
- None.
Negative
- None.
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 | 3,750 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 3,750 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RLI (RLI) report for Jeffrey D. Fick?
RLI Corp reported a stock option grant to Chief Legal Officer Jeffrey D. Fick for 3,750 shares. The options were granted on February 2, 2026 at an exercise price of $58.74 per share and were received at no cost to him.
What are the key terms of Jeffrey D. Fick’s RLI (RLI) stock options?
Fick’s stock options cover 3,750 shares of RLI common stock at a $58.74 exercise price. They were granted on February 2, 2026, with no purchase price for the grant itself, and expire on February 2, 2034 if not exercised.
How do the RLI (RLI) stock options granted to Jeffrey D. Fick vest?
The options vest in 20% increments each year. Twenty percent of the 3,750 options become exercisable one year after the February 2, 2026 grant date, with an additional 20% vesting on each anniversary until all options are fully exercisable.
How many RLI (RLI) derivative securities does Jeffrey D. Fick own after this grant?
After the reported transaction, Fick beneficially owns 3,750 derivative securities directly. These represent stock options on RLI common stock granted on February 2, 2026 under the schedule described in the filing’s footnote.
What is the expiration date of Jeffrey D. Fick’s RLI (RLI) stock options?
The stock options granted to Fick expire on February 2, 2034. If the 3,750 options are not exercised by that date at the $58.74 per share exercise price, they will terminate according to the terms disclosed.