Form 4: RLI Corp Director Restrepo Sells Shares
SEC Form 4
Director Robert P. Restrepo Jr. sold 2,864 shares of RLI Corp common stock at $74.89 per share on March 13, 2025.
Summary
- On March 13, 2025, Robert P. Restrepo Jr., a director of RLI Corp, sold 2,864 shares of common stock.
- The sale price was $74.89 per share.
- Following the transaction, Restrepo directly owns 23,312 shares of RLI Corp.
- The stock split was adjusted to reflect a 2-for-1 stock split on January 15, 2025.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors. It's typical for directors to periodically buy or sell shares for various personal financial reasons.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | 2-for-1 stock split |
| 03/13/2025 | Date of transaction: Sale of 2,864 shares |
| 03/14/2025 | Date of signature |
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