Form 4: RLI Corp Director Michael E. Angelina Reports Stock Transactions

Director Michael E. Angelina reports acquisition of RLI Corp common stock through vesting of restricted stock units and dividend equivalents.

Summary

• On May 2, 2025, Michael E. Angelina, a director of RLI Corp, acquired 1,396 shares of common stock through the vesting of restricted stock units.
• Additionally, 44 shares were acquired through the vesting of accrued special and regular dividend equivalents on restricted stock units.
• The price for these acquisitions was $0 per share.
• Following these transactions, Angelina directly owns 23,836 shares of RLI Corp common stock and 1,396 restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions related to executive compensation and alignment of interests.

Positives

• The vesting of restricted stock units and dividend equivalents indicates a continued alignment of the director's interests with those of the shareholders.

Future Outlook

The 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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning the director's interests with the company's performance.

Key Dates

Keywords

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