Form 4: RLI Corp CEO Craig Kliethermes Reports Stock Option Exercise and Share Disposals
SEC Form 4 Filing
RLI Corp's CEO, Craig Kliethermes, exercised stock options and disposed of shares to cover tax obligations, according to a recent SEC filing.
Summary
- Craig W. Kliethermes, CEO of RLI Corp, reported transactions involving RLI Corp common stock on August 29, 2024.
- He exercised stock options for 17,500 shares at a price of $75.66 per share.
- Kliethermes disposed of 12,554 shares to satisfy tax obligations at a price of $153.62.
- Following these transactions, he directly owns 67,094 shares of common stock.
- He also indirectly owns 7,659.29 shares through an ESOP and 11,293.269 shares through an Executive Deferred Compensation plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. No inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 05/02/2020 | Date stock options were granted, with 20% exercisable annually starting one year from this date. |
| 11/10/2022 | Date of $7.00 extraordinary dividend declaration, which adjusted the stock option grant price. |
| 08/29/2024 | Date of stock option exercise and share disposal. |
| 08/30/2024 | Date of signature on the SEC Form 4 filing. |
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