The estimated Net Worth of Michael J Stone is at least $46.5 million dollars as of 2 May 2024. Mr. Stone owns over 732 units of RLI stock worth over $32,139,304 and over the last 21 years he sold RLI stock worth over $14,162,599. In addition, he makes $155,625 as Independent Director at RLI.
Michael has made over 72 trades of the RLI stock since 2003, according to the Form 4 filled with the SEC. Most recently he exercised 732 units of RLI stock worth $109,427 on 2 May 2024.
The largest trade he's ever made was exercising 80,000 units of RLI stock on 14 November 2017 worth over $1,960,000. On average, Michael trades about 3,695 units every 33 days since 2003. As of 2 May 2024 he still owns at least 214,993 units of RLI stock.
You can see the complete history of Mr. Stone stock trades at the bottom of the page.
Michael J. Stone serves as Independent Director of the Company. Mr. Stone is the former President and Chief Operating Officer of the Company’s principal insurance subsidiaries from January 2002 until his retirement in December 2015. Mr. Stone joined the Company in May 1996 and held various executive officer positions. From 1977 to May 1996, Mr. Stone held various managerial and executive officer positions with Travelers Insurance Group. Mr. Stone has nearly 40 years of insurance industry expertise and 19 years at the Company where he was responsible for the overall direction of the Company’s principal insurance subsidiaries. He has a Bachelor’s degree in Political Science from Bellarmine College, and received his Law degree, magna cum laude, from the University of Louisville.
As the Independent Director of RLI, the total compensation of Michael Stone at RLI is $155,625. There are 13 executives at RLI getting paid more, with Jonathan Michael having the highest compensation of $4,714,010.
Michael Stone is 71, he's been the Independent Director of RLI since 2015. There are 1 older and 21 younger executives at RLI. The oldest executive at RLI Corp. is John Baily, 75, who is the Lead Independent Director.
Michael's mailing address filed with the SEC is 9025, North Lindbergh Drive, Alta, Peoria, Peoria County, Illinois, 61615, United States of America.
Over the last 21 years, insiders at RLI have traded over $22,730,868 worth of RLI stock and bought 40,940 units worth $2,291,561 . The most active insiders traders include Jonathan E Michael, Michael J Stone et Calvin Jr Butler. On average, RLI executives and independent directors trade stock every 20 days with the average trade being worth of $1,580,408. The most recent stock trade was executed by Craig W Kliethermes on 29 August 2024, trading 17,500 units of RLI stock currently worth $1,324,050.
rli is a specialty insurance company that offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. we combine profitable underwriting, solid investment returns and effective capital management to deliver consistent, long-term growth in shareholder value. rli has more than 850 employees in 50 locations across the united states. at rli, our talent distinguishes us and that makes us different. we hire smart people, including the best underwriters in the business, and then give them the resources and freedom to drive profitable growth. our niche, market-driven products exceed customer expectations; satisfying demands where other insurance companies do not compete. our vision for the future is to remain focused on building and managing a portfolio of innovative products and solutions that meet and surpass the expectations of shareholders. for more information, please visit www.rlicorp.com.
RLI executives and other stock owners filed with the SEC include: