RESTREPO ROBERT P JR 4

4 · RLI CORP · Filed May 15, 2026

AI-generated summary of this filing

Updated May 15, 2026

RLI (RLI) Director Robert P. Restrepo Receives Vested Shares & RSU Grant

What Happened

Robert P. Restrepo, a director of RLI Corp. (RLI), reported share activity tied to restricted stock units (RSUs). On 2026-05-13 he converted/received 1,681 shares on vesting (reported as a derivative exercise/conversion) and acquired 68 shares from vested dividend equivalents — total 1,749 shares — all at $0 (no cash paid). The filing also shows a reported disposition of 1,681 derivative shares on 2026-05-13 (reported as a derivative disposal). On 2026-05-14 he was granted 2,506 RSUs (reported as an award/grant) at $0. These were vesting/grant-related transactions, not open-market purchases or sales.

Key Details

Transaction dates and reported prices:
- 2026-05-13: Exercise/conversion (M) — 1,681 shares acquired @ $0.00
- 2026-05-13: Other acquisition (J) — 68 shares acquired @ $0.00 (dividend equivalents)
- 2026-05-13: Exercise/conversion (M) — 1,681 shares disposed @ $0.00 (reported as derivative disposal)
- 2026-05-14: Grant/award (A) — 2,506 RSUs granted @ $0.00
Total shares acquired on vesting: 1,749; total RSUs newly granted: 2,506.
Amount owned after the reported transactions is not specified in the provided excerpt of the filing.
Relevant footnotes:
- F1/F2: 5/13 shares came from RSU vesting and vested dividend equivalents.
- F3/F4: The awarded RSUs have scheduled vesting tied to upcoming annual shareholders’ meetings or one year after grant (per the filing).
Filing timeliness: Reported period 2026-05-13; Form 4 filed 2026-05-15 — within the usual two-business-day reporting window.

Context

"Exercise/conversion of derivative" here reflects RSUs converting into common shares on vesting; these transactions were non-cash (reported at $0), so they represent compensation/vesting rather than market purchases or sales.
The simultaneous derivative "disposition" of 1,681 shares could reflect an administrative transfer (for example, to satisfy tax withholding or broker instructions); the filing does not specify the reason.
These items are routine insider compensation events and do not by themselves indicate a buy/sell sentiment in the open market.

Form 4

Period: 2026-05-13

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-13+1,681→ 26,433 total
Other
Common Stock
[F2]
2026-05-13+68→ 26,501 total
Exercise/Conversion
Restricted Stock Unit
[F1][F3]
2026-05-13−1,681→ 0 total
→ Common Stock (1,681 underlying)
Award
Restricted Stock Unit
[F1][F4]
2026-05-14+2,506→ 2,506 total
→ Common Stock (2,506 underlying)

Footnotes (4)

[F1]Shares acquired on the vesting of restricted stock units.
[F2]Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
[F3]These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2026 Annual Shareholders' Meeting or (2) one year after the date of grant.
[F4]These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2027 Annual Shareholders' Meeting or (2) one year after the date of grant.

Signature

/s/ Jeffrey D. Fick, Attorney-in-Fact|2026-05-15

1 file