Michael Stone adds RSUs, expands stake in RLI (NYSE: RLI)
Rhea-AI Filing Summary
STONE MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.
RLI Corp director Michael J. Stone reported equity compensation and related share movements. He received a grant of 2,506 restricted stock units, each representing one share of common stock. Separately, 1,681 restricted stock units vested into 1,681 common shares, and ownership also reflects 68 additional shares from dividend reinvestment.
After these transactions, Stone holds 433,315.5196 shares of RLI common stock directly and 2,506 unvested restricted stock units. The new restricted stock units are scheduled to vest 100% on the earlier of the company’s 2027 Annual Shareholders' Meeting or one year after the grant date. All activity reflects compensation, vesting and reinvestment rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,749 shares
Net Buy
4 txns
Insider
STONE MICHAEL J
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 shares (Direct);
Common Stock — 433,315.5196 shares (Direct)
Footnotes (5)
- F1. Shares acquired on the vesting of restricted stock units.
- F2. Ownership reflects dividend reinvestment.
- F3. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
- F4. 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.
- F5. 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
RSU grant: 2,506 restricted stock units
RSUs vested: 1,681 shares
Restructuring/dividend reinvestment shares: 68 shares
+3 more
6 metrics
RSU grant
2,506 restricted stock units
Award to director Michael J. Stone
RSUs vested
1,681 shares
Restricted stock units vested into common stock
Restructuring/dividend reinvestment shares
68 shares
Other acquisition reflecting dividend reinvestment
Common shares after transactions
433,315.5196 shares
Direct common stock ownership following reported activity
Unvested RSUs after grant
2,506 units
Restricted stock units scheduled to vest by 2027 meeting or one year
Derivative exercises
1,681 shares exercised
Exercise/conversion of derivative security (RSUs) into common stock
Key Terms
Restricted Stock Unit, dividend reinvestment, dividend equivalents, Annual Shareholders' Meeting, +1 more
5 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit" and underlying_security_title: "Common Stock""
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 reinvestment financial
"Footnote states: "Ownership reflects dividend reinvestment.""
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
dividend equivalents financial
"Footnote mentions "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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for RSU vesting."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did RLI (RLI) director Michael J. Stone receive?
Michael J. Stone received a grant of 2,506 restricted stock units, each tied to one share of RLI common stock. This award increases his potential future ownership once the units vest according to the company’s stated schedule.
Were Michael J. Stone’s RLI (RLI) transactions open-market buys or sells?
The filing shows no open-market purchases or sales. Activity reflects a grant of restricted stock units, vesting of 1,681 units into common shares, and dividend reinvestment, all categorized as compensation-related or other non-market transactions, not discretionary trading.
What do the Form 4 transaction codes A, M, and J mean for RLI (RLI)?
Code A indicates a grant or award of restricted stock units. Code M shows exercise or conversion of derivative securities, here RSUs vesting into common stock. Code J represents another acquisition or disposition, with footnotes clarifying it reflects dividend reinvestment.
When will Michael J. Stone’s new RLI (RLI) restricted stock units vest?
The 2,506 new restricted stock units are scheduled to vest 100% on the earlier of the RLI Corp. 2027 Annual Shareholders' Meeting or one year after the grant date, according to the footnote describing the vesting conditions.