Form 4: RLI Corp Director Michael J. Stone Sells Shares

RLI Corp director Michael J. Stone sold 500 shares of common stock in two transactions on December 12th and 13th, 2024.

Summary

• Michael J. Stone, a director at RLI Corp, sold a total of 500 shares of common stock.
• The first sale was on December 12, 2024, where 200 shares were sold at a price of $169.55 per share.
• The second sale occurred on December 13, 2024, with 300 shares sold at $170.75 per share.
• Following these transactions, Mr. Stone directly owns 214,510.6648 shares of RLI Corp common stock.
• Additionally, Mr. Stone indirectly owns 135 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of stock sales by a director, which is a routine event and does not indicate any positive or negative sentiment.

Industry Context

This is a routine disclosure of stock sales by a company director, which is common in the financial industry and is required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, who trade their company's stock.
• The reported transactions are typical for directors managing their personal investment portfolios.
• The volume of shares sold is relatively small compared to the total outstanding shares of RLI Corp.

Stakeholder Impact

• The stock sales by a director may have a minor impact on the share price, but it is unlikely to be significant given the relatively small volume of shares sold.

Key Dates

Keywords

RLI Corp, Michael J. Stone, stock sale, director, insider trading, common stock