Form 4: RLI Corp Executive Jeffrey D. Fick Reports Changes in Beneficial Ownership
SEC Filing (Form 4)
Jeffrey D. Fick, Chief Legal Officer & Corp Sec of RLI Corp, filed a Form 4 disclosing changes in beneficial ownership of company stock.
Summary
- On August 2, 2024, Jeffrey D. Fick, Chief Legal Officer & Corp Sec of RLI Corp, filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of RLI Corp stock.
- Fick directly owns 62,316.4855 shares of RLI Corp common stock.
- He also indirectly owns 12,509.4 shares through an Employee Stock Ownership Plan.
- Fick also holds options for 1,750 shares of common stock, exercisable starting August 1, 2025, at a price of $149.03, with 20% of the aggregate number of shares granted exercisable commencing one year from grant date and each year thereafter in 20% increments.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- Shareholders can use this information to understand the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of earliest transaction reported. |
| 08/01/2025 | First date on which stock options are exercisable. |
| 08/01/2032 | Expiration date of stock options. |
| 08/02/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.