RLI Corp (RLI) grants VP 1,250 stock options at $58.74
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLI Corp reported that officer Seth Anthony Davis, Vice President and Controller, received a grant of stock options on 02/02/2026. The award covers 1,250 stock options with an exercise price of $58.74 per share, each option linked to one share of common stock.
These options become exercisable under a schedule where 20% of the total grant vests one year after the grant date, and an additional 20% vests on each anniversary thereafter. The options are exercisable from 02/02/2027 and expire on 02/02/2034, and are held directly by Davis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davis Seth Anthony
Role
VICE PRESIDENT, CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 1,250 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 1,250 shares (Direct)
Footnotes (1)
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FAQ
What stock options were granted to RLI (RLI) officer Seth Anthony Davis?
Seth Anthony Davis received 1,250 RLI stock options on 02/02/2026. Each option has a $58.74 exercise price and is linked to one share of common stock, giving him the right to buy shares at that price once vested.
When do Seth Anthony Davis’s RLI stock options start vesting and become exercisable?
The options begin vesting one year after the 02/02/2026 grant date. Twenty percent of the 1,250 options vest then, with another 20% each year. They are exercisable starting 02/02/2027 and remain exercisable until 02/02/2034.
What is the exercise price of the RLI stock options granted on 02/02/2026?
The stock options granted to Seth Anthony Davis have a $58.74 exercise price per share. This means he can purchase RLI common stock at $58.74 for each vested option, anytime between 02/02/2027 and the 02/02/2034 expiration date.
How many RLI derivative securities does Seth Anthony Davis own after this grant?
After the reported transaction, Seth Anthony Davis beneficially owns 1,250 RLI stock options. These are held directly and represent his entire reported derivative position in this filing, all tied to the 02/02/2026 option grant.
What is the vesting schedule for the 1,250 RLI stock options granted to Seth Anthony Davis?
The 1,250 options vest in 20% increments over time. Twenty percent can be exercised starting one year from the 02/02/2026 grant date, with an additional 20% becoming exercisable on each subsequent anniversary, continuing until the full grant is vested.