MEDINI PAUL BENNETT 4

What Happened

• Paul Bennett, a director of RLI Corp. (RLI), was allocated 446.885 shares on 2026-02-02 at an implied price of $58.74 per share, for a total value of $26,250. The transaction is reported as an "other acquisition" (code J) and represents shares allocated under the RLI Non‑Employee Directors Deferred Compensation Plan.

Key Details

• Transaction date: 2026-02-02; filing date (Form 4): 2026-02-03.
• Shares acquired: 446.885; price per share: $58.74; total value: $26,250.
• Transaction code: J (Other acquisition or disposition).
• Footnotes: F1 — allocation under the Non‑Employee Directors Deferred Compensation Plan; F2 — amounts adjusted for a 2-for-1 stock split on 01/15/25; F3 — ownership reflects dividend reinvestment.
• Shares owned after transaction: not specified in the provided filing data.
• Filing timeliness: filed the day after the transaction; no late filing indicated.

Context

• This was a plan allocation to a non‑employee director, not an open‑market buy. Such allocations are routine director compensation and do not necessarily signal the director making a discretionary market purchase or sale.
• Code J simply denotes an other acquisition; here it represents a deferred‑compensation share allocation rather than option exercise or gift.