RLI VP Exercises 3,000 Stock Options
RLI CORP vice president and controller Seth Anthony Davis exercised 3,000 stock options for Common Stock and had shares withheld to cover taxes.
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Form Type
4
Rhea-AI Filing Summary
RLI CORP vice president and controller Seth Anthony Davis exercised 3,000 stock options for Common Stock and had shares withheld to cover taxes. He exercised options at $28.07 per share and 2,236 shares of Common Stock were disposed of at $51.77 per share for tax-withholding. Following these transactions, he holds 30,762.2874 shares of Common Stock directly, and the exercised option grant has been fully used.
Insider Trade Summary
3,000 shares exercised/converted
Exercise
3 txns
Insider
Davis Seth Anthony
Role
VICE PRESIDENT, CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,000 | $28.07 | $84K |
| Exercise Price or Tax Liability | Common Stock | 2,236 | $51.77 | $116K |
Holdings After Transaction:
Stock Option — 0 contracts (Direct);
Common Stock — 30,762.2874 shares (Direct)
Footnotes (3)
- F1. Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
- F2. Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/25.
- F3. 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.
Key Figures
Options exercised: 3,000 shares
Exercise price: $28.07 per share
Tax-withholding shares: 2,236 shares
+4 more
7 metrics
Options exercised
3,000 shares
Common Stock acquired via option exercise at $28.07 on April 30, 2026
Exercise price
$28.07 per share
Stock option exercise price for 3,000 shares
Tax-withholding shares
2,236 shares
Common Stock disposed to satisfy tax liability at $51.77 per share
Tax-withholding price
$51.77 per share
Value used for 2,236-share tax-withholding disposition
Shares held after
32,998.2874 shares
Direct RLI Common Stock ownership following transactions
Options exercised (summary)
3,000 shares
transactionSummary exerciseShares for derivative exercise
Tax-withholding total
2,236 shares
transactionSummary taxWithholdingShares for Form 4
Key Terms
Stock option, extraordinary dividend, 2-for-1 stock split, tax-withholding disposition, +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.
extraordinary dividend financial
"grant price adjusted to reflect $7.00 extraordinary dividend declared"
A one-time cash payment to shareholders that is larger than a company’s regular dividend, usually paid from unusual sources such as asset sales, legal settlements, or excess cash. It matters to investors because it can temporarily boost returns and signal how a company is using rare gains, while also affecting the company’s cash reserves and potentially the stock price much like finding a large, unexpected bonus in your bank account.
2-for-1 stock split financial
"grant price and number of stock options adjusted to reflect 2-for-1 stock split"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RLI (RLI) executive Seth Anthony Davis report in this Form 4?
Seth Anthony Davis reported exercising stock options and related tax withholding. He exercised 3,000 options for RLI Common Stock and had 2,236 shares withheld to satisfy tax obligations, resulting in a net increase in his directly held RLI shares after the transactions.
At what prices were Seth Anthony Davis’s RLI transactions recorded?
The stock options were exercised at a price of $28.07 per share. The tax-withholding disposition involved 2,236 shares valued at $51.77 per share. These figures show the lower option exercise price relative to the higher share value used to cover associated tax liabilities.
What do the Form 4 codes M and F mean in this RLI filing?
Code M indicates an exercise or conversion of a derivative security, here 3,000 stock options converting into Common Stock. Code F indicates a tax-withholding disposition, where 2,236 shares were delivered to cover taxes, not an open-market sale by the executive.
Were Seth Anthony Davis’s RLI stock options adjusted for corporate actions?
Yes. Footnotes state the stock option grant price was adjusted for a $7.00 extraordinary dividend declared on November 10, 2022. They also note that the grant price and number of options were adjusted for a 2-for-1 stock split effective January 15, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
