Form 4: RLI Corp Director Clark Kellogg Acquires Shares Through Vesting of Restricted Stock Units

Director Clark Kellogg acquired shares of RLI Corp through the vesting of restricted stock units and dividend equivalents.

Summary

• Director Clark Kellogg acquired 1,396 shares of RLI Corp common stock on May 2, 2025, through the vesting of restricted stock units.
• An additional 44 shares were acquired on the same date due to the vesting of accrued special and regular dividend equivalents on these restricted stock units.
• These transactions were executed under the Directors' Trust.
• Following these transactions, the reporting person beneficially owns 1,440 shares indirectly through the Directors' Trust.
• The restricted stock units vested on the earlier of the date of the RLI Corp. 2025 Annual Shareholders' Meeting or one year after the date of grant.
• The number of restricted stock units was adjusted to reflect a 2-for-1 stock split on January 15, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a routine disclosure of insider transactions.

Positives

• The vesting of restricted stock units and dividend equivalents suggests confidence in the company's future performance.

Future Outlook

The restricted stock units are scheduled to vest 100% on the earlier of the date of the RLI Corp. 2025 Annual Shareholders' Meeting or one year after the date of grant.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the trading activities of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates

Keywords

RLI Corp, Clark Kellogg, Director, Form 4, Beneficial Ownership, Restricted Stock Units, Dividend Equivalents, Stock Split