Erie Indemnity director granted share credits
Erie Indemnity Company director Elizabeth A. Vorsheck reported a routine compensation grant of 39.475 Directors' Deferred Compensation Share Credits on Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company director Elizabeth A. Vorsheck reported a routine compensation grant of 39.475 Directors' Deferred Compensation Share Credits on Class A common stock. These share credits are awarded under the Outside Directors' Stock Plan and have a conversion price of $0.0000.
The grant increases her directly held deferred compensation share credits to 14,378.251, representing the right to receive an equivalent number of Class A shares when her board service ends. The filing also lists substantial existing direct and indirect holdings in Class A and Class B common stock, but does not show any open-market buys or sells.
Insider Trade Summary
Grant/Award: 39.475 shares
Grant/Award
10 txns
Insider
Vorsheck Elizabeth A
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Directors' Deferred Compensation Share Credits | 39.475 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 14,378.251 contracts (Direct);
Class B Common Stock — 1,406,808 contracts (Indirect, Contingent Beneficiary & Co-Trustee, Trust);
Class B Common Stock — 1,404,000 contracts (Indirect, Primary Beneficiary & Co-Trustee, Trust);
Class A Common Stock — 324,300 shares (Indirect, By Audrey C. Hirt 1989/1990 Income Trust For E. Vorsheck);
Class A Common Stock — 3,000,000 shares (Indirect, VEIC Limited Partnership);
Class A Common Stock — 686 shares (Indirect, Elizabeth Vorsheck Trustee for the Elizabeth Vorsheck Revocable Trust 5/3/99);
Class A Common Stock — 193,679 shares (Indirect, By Elizabeth Vorsheck Trustee Elizabeth Vorsheck Revocable Trust U/A DTD 05/03/99);
Class A Common Stock — 69,716 shares (Direct);
Class A Common Stock — 372,565 shares (Indirect, By Frank William Hirt 1989/1990 Trust For E. Vorsheck)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors (the "Plan").
- F2. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan. These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.
- F3. Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
Key Figures
Deferred share credits granted: 39.475 share credits
Deferred share credits after grant: 14,378.251 share credits
Direct Class A holdings: 69,716 shares
+4 more
7 metrics
Deferred share credits granted
39.475 share credits
Directors' Deferred Compensation Share Credits on Class A Common Stock
Deferred share credits after grant
14,378.251 share credits
Directors' Deferred Compensation Share Credits, following 2026-04-20 grant
Direct Class A holdings
69,716 shares
Class A Common Stock directly held after 2026-04-20 entry
Indirect Class A via VEIC Limited Partnership
3,000,000 shares
Class A Common Stock indirectly held through VEIC Limited Partnership
Indirect Class A via Frank William Hirt Trust
372,565 shares
Class A Common Stock indirectly held by Frank William Hirt 1989/1990 Trust For E. Vorsheck
Indirect Class A via Audrey C. Hirt Trust
324,300 shares
Class A Common Stock indirectly held by Audrey C. Hirt 1989/1990 Income Trust For E. Vorsheck
Underlying Class A for Class B
1,404,000 shares
Class A underlying indirectly held Class B Common Stock position
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Stock Plan, Class B Common Stock, conversion rate, +1 more
5 terms
Outside Directors' Stock Plan financial
"credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan"
Class B Common Stock financial
"shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
conversion rate financial
"convertible at any time to shares of Class A Common Stock ... at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Erie Indemnity (ERIE) director Elizabeth Vorsheck report in this Form 4?
She reported a grant of 39.475 Directors' Deferred Compensation Share Credits. These represent future rights to Erie Indemnity Class A common stock, awarded as part of compensation for outside directors rather than an open-market stock purchase or sale.
Does the Form 4 for Erie Indemnity (ERIE) show any open-market stock buys or sells?
No open-market purchases or sales are shown in this Form 4. The filing mainly updates holdings and records a compensation-related grant of 39.475 deferred share credits, without any transactions marked as buy or sell in the summarized data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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