Davis Seth Anthony 4

What Happened

• Seth Anthony Davis, Vice President and Controller of RLI Corp (RLI), received two derivative awards on 2026-05-14: 1,500 and 300 restricted stock units (RSUs), for a total of 1,800 RSUs. Each award is reported at $0.00 (no cash paid). These are grants/awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-14; Form 4 filed 2026-05-15 (appears timely).
• Reported acquisition price: $0.00 for each grant (derivative awards).
• Total RSUs granted: 1,800 (1,500 + 300).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F2: Shares will be acquired on vesting of restricted stock units.
  • F3: Each RSU converts to one share of common stock upon vesting.
  • F4: These RSUs are scheduled to vest 100% on the third anniversary of the grant date.
  • F1: Describes an option schedule (20% exercisable beginning one year from grant and annually thereafter); this appears to reference option awards separately and does not describe the RSU vesting described in F2–F4.
• Filing timeliness: Filed one day after the transaction date (typical Form 4 timing); no late filing flag indicated.

Context

• These transactions are compensation awards (RSUs). No shares were sold or purchased in the open market; the grants simply give the insider the right to receive shares in the future if vesting conditions are met. RSU grants are common executive compensation and do not by themselves signal a buy or sell decision. Upon vesting (per F4), each RSU will convert to one share of RLI common stock.