Form 4: RLI Corp Director Restrepo Reports Stock Transactions Following Vesting of Restricted Stock Units

Director Robert P. Restrepo Jr. reports acquisition of RLI Corp common stock and derivative securities due to vesting of restricted stock units and dividend equivalents.

Summary

• Robert P. Restrepo Jr., a director of RLI Corp, reported changes in beneficial ownership of the company's stock on May 2, 2025.
• The transactions involved the vesting of restricted stock units, resulting in the acquisition of 1,396 shares of common stock.
• Additionally, 44 shares were acquired due to the vesting of accrued special and regular dividend equivalents on the restricted stock units.
• Following these transactions, Restrepo directly owns 24,752 shares of RLI Corp common stock.
• The reported transactions were executed under transaction codes 'M' and 'J', indicating the vesting of restricted stock units and dividend equivalents, respectively.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral sentiment.

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 standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

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

Key Dates

Keywords

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