Davis Seth Anthony 4

What Happened Seth A. Davis, Vice President and Controller of RLI Corp (RLI), was granted a derivative award of 1,250 shares on February 2, 2026. The filing reports an acquisition price of $0.00 for the award (transaction code A). This is a grant of equity-linked compensation — not a cash purchase or sale.

Key Details

• Transaction date: 2026-02-02; reported acquisition price: $0.00; amount: 1,250 shares (derivative).
• Transaction type: Award/Grant (code A) of derivative securities (likely stock options or similar).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: 20% of the aggregate number of shares granted may be exercised commencing one year from the grant date and each year thereafter in 20% increments (vesting over 5 years).
• Filing: Form 4 filed 2026-02-03 (next day); no late filing flag indicated.

Context This filing documents a compensation-related grant that vests over time; it does not represent an immediate exercise, sale, or cash transaction. Such awards are common for executive compensation and do not by themselves indicate a buy/sell signal — they reflect future potential ownership tied to vesting.