Kliethermes Craig W 4

What Happened

• Craig W. Kliethermes, CEO of RLI Corp (RLI), was granted 15,000 derivative shares (reported as an award, code "A") on Feb 2, 2026. The award shows a $0.00 acquisition price, meaning no cash was paid by the insider at grant.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-03 (timely filing).
• Amount granted: 15,000 derivative shares/options; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Award is subject to an option schedule where 20% of the aggregate number may be exercised beginning one year from the grant date and each year thereafter in 20% increments.
• No sale or cash exercise reported — this is a grant, not a sale or cash purchase.

Context

• This was a derivative award (likely stock options or similar equity-based grant) that vests/exercises over time per the footnote schedule; no immediate cash changed hands. Such grants are common for executive compensation and do not by themselves indicate a buy or sell decision by the insider. Future value depends on RLI’s stock performance and the timing of vesting/exercise.