Form 4: RLI Corp Executive Jeffrey D. Fick Reports Stock Option Exercise and Share Disposals
SEC Form 4 Filing
Jeffrey D. Fick, Chief Legal Officer & Corp Sec of RLI Corp, reports exercising stock options and disposing of shares on November 11, 2024.
Summary
- On November 11, 2024, Jeffrey D. Fick, Chief Legal Officer & Corp Sec of RLI Corp, exercised stock options for 10,000 shares at a price of $75.66.
- Following the exercise, Fick disposed of 6,857 shares to cover taxes at a price of $173.65.
- After these transactions, Fick directly owns 70,030.4855 shares of RLI Corp common stock.
- Fick also indirectly owns 12,509.4 shares through an Employee Stock Ownership Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports factual transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 05/02/2020 | Date of original stock option grant. |
| 11/10/2022 | Date of $7.00 extraordinary dividend declaration, which adjusted the stock option grant price. |
| 11/11/2024 | Date of stock option exercise and share disposal. |
| 11/12/2024 | Date of signature on the Form 4 filing. |
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