Erie Indemnity insider discloses small 401(k) share purchase

Rhea-AI Filing Summary

Erie Indemnity Co. (ERIE) – Form 4 insider transaction filed 1 Aug 2025

Executive Vice President Douglas E. Smith disclosed a participant-directed purchase (transaction code J) of 1.17 Class A shares on 31 Jul 2025 through the company’s 401(k) plan at an average price of $356.24. Following the transaction, Smith directly owns 5,155.248 shares of ERIE common stock.

The dollar value is immaterial (≈$417), no shares were sold, and no derivative positions were reported. Given ERIE’s ~46.7 million Class A shares outstanding, the filing is routine and unlikely to influence valuation or liquidity.

Positive

• Insider acquisition, albeit minimal, may be interpreted as a modest vote of confidence.

Negative

• De minimis size (<$500) limits any positive signal; effectively immaterial to ownership structure.

Insights

Securities Analyst

TL;DR: Tiny 401(k) purchase; negligible market impact.

The transaction represents less than 0.00001 % of ERIE’s float and appears to be an automatic plan reinvestment rather than an opportunistic buy. While insider purchases are directionally positive, the token size provides no signaling power regarding management’s outlook. I view the disclosure as non-impactful for valuation or trading decisions.

Corporate Governance Expert

TL;DR: Compliance event; confirms plan transparency.

Filing demonstrates proper Section 16 reporting and transparency of retirement-plan activity. No red flags: code J, plan-directed, no derivative exposure. Governance takeaway is neutral—routine compliance rather than intentional insider positioning.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Smith Douglas Edward

Role EVP

Type	Security	Shares	Price	Value
Other	Class A Common Stock	1.17	$356.24	$416.80

Holdings After Transaction: Class A Common Stock — 5,155.248 shares (Direct)

Footnotes (1)

1. F1. Participant directed transaction under 401(k) Plan.

FAQ

How many ERIE shares did EVP Douglas E. Smith purchase?

He acquired 1.17 Class A shares on 31 Jul 2025.

What was the purchase price reported in the Form 4?

The average price was $356.24 per share.

What is Smith’s total direct ownership after the transaction?

He now holds 5,155.248 shares of ERIE.

What does transaction code J signify?

Code J indicates other acquisition/disposition; here, a 401(k) plan-directed purchase.

Were any derivative securities involved?

No; Table II shows zero derivative activity.

Is this transaction material to Erie Indemnity?

Given ERIE’s ~46.7 million shares outstanding, the purchase is not material to shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/01/2025 - 03:14 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Douglas Edward

(Last) (First) (Middle)

100 ERIE INSURANCE PLACE

(Street)

ERIE PA 16530

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/31/2025		J(1)		1.17	A	$356.24	5,155.248	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Participant directed transaction under 401(k) Plan.

Remarks:

	Rebecca A. Buona, Power of Attorney	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.