RLI Chief Legal Officer Jeffrey Fick Receives 7,500-Share Award

What Happened
Jeffrey D. Fick, Chief Legal Officer of RLI Corp (RLI), received a grant/award of 7,500 derivative shares on August 3, 2026. The reported acquisition price is $0.00 (the filing lists this as a derivative award), so no cash was paid by the insider for these shares at grant.

Key Details

• Transaction date: 2026-08-03; SEC filing date: 2026-08-04.
• Transaction type/code: Grant/Award (derivative).
• Shares granted: 7,500; reported acquisition price: $0.00 (total reported value $0).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Vesting/terms (footnote): Per the option schedule, 20% of the aggregate number of shares granted may be exercised beginning one year from the grant date and thereafter in 20% increments annually.
• Filing timeliness: Filed the day after the transaction date; no indication of a late filing in the provided data.

Context
This was a compensation-related grant (derivative award) rather than an open-market purchase or sale. Such grants are common as part of executive pay and carry vesting or exercise schedules; they do not necessarily indicate immediate buying or selling intent. The footnote indicates a graded vesting/exercise schedule (20% per year), meaning the full economic benefit will accrue over multiple years.