RLI CORP (NYSE: RLI) director adds 3,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLI CORP director buys additional shares on the open market. Director Clark C. Kellogg purchased 3,000 shares of RLI common stock in an open-market transaction at a price of $50.90 per share. After this purchase, Kellogg directly owns 4,502.163 shares of RLI common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,000 shares ($152,700)
Net Buy
1 txn
Insider
KELLOGG CLARK C
Role
null
Bought
3,000 shs ($153K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,000 | $50.90 | $153K |
Holdings After Transaction:
Common Stock — 4,502.163 shares (Direct, null)
Footnotes (1)
Key Figures
Shares purchased: 3,000 shares
Purchase price: $50.90 per share
Shares owned after: 4,502.163 shares
3 metrics
Shares purchased
3,000 shares
Open-market purchase of RLI common stock
Purchase price
$50.90 per share
Price paid in Form 4 transaction
Shares owned after
4,502.163 shares
Direct ownership following purchase
Key Terms
Form 4, open-market purchase, Common Stock, direct ownership
4 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
open-market purchase financial
""transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
direct ownership financial
""ownership_type": "direct""
FAQ
What insider transaction did RLI (RLI) disclose in this Form 4?
RLI CORP disclosed that director Clark C. Kellogg bought 3,000 shares of common stock. The open-market purchase was reported at a price of $50.90 per share, increasing his direct ownership to 4,502.163 shares after the transaction.
Is the RLI (RLI) Form 4 transaction a buy or a sell?
The RLI CORP Form 4 transaction is a buy. It is classified as an open-market purchase, with director Clark C. Kellogg acquiring 3,000 common shares at $50.90 per share and increasing his directly held stake.