Form 4: RLI Corp Director David B. Duclos Reports Stock Transactions

Director David B. Duclos reports acquisition and disposal of RLI Corp common stock and restricted stock units.

Summary

• On May 2, 2024, David B. Duclos, a director of RLI Corp, engaged in transactions involving the company's common stock and restricted stock units.
• Duclos acquired 732 shares of common stock upon the vesting of restricted stock units.
• He also acquired 17 shares of common stock through the vesting of accrued special and regular dividend equivalents on restricted stock units.
• Following these transactions, Duclos directly owns 2,593 shares of common stock and indirectly owns 6,420.841 shares through a Directors' Trust.
• He also directly owns 1,047 restricted stock units.
• These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2025 Annual Shareholders' Meeting or (2) one year after the date of grant.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The remaining restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2025 Annual Shareholders' Meeting or (2) one year after the date of grant.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates