Erie Indemnity (ERIE) director credited additional deferred stock-based units
Rhea-AI Filing Summary
Erie Indemnity Company director Brian Arden Hudson Sr. acquired 24.5610 Directors' Deferred Compensation Share Credits on July 21, 2026 through dividend reinvestment under the Outside Directors' Deferred Compensation Plan. These Share Credits give him the right to receive an equivalent number of Class A common shares when his board service ends. Following this crediting, he held 3389.1270 deferred share credits and 295.0000 Class A common shares directly.
Positive
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hudson Brian Arden Sr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F1, F2, F3 | 24.561 | $215.82 | $5K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 3,389.127 shares (Direct);
Class A Common Stock — 295 shares (Direct)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F2. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F3. 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.
Key Figures
Deferred share credits acquired: 24.5610 share credits
Price per share credit: 215.8200 per share
Deferred share credits after transaction: 3389.1270 share credits
+1 more
4 metrics
Deferred share credits acquired
24.5610 share credits
Directors' Deferred Compensation Share Credits acquired on July 21, 2026
Price per share credit
215.8200 per share
Value used for the July 21, 2026 dividend reinvestment credit
Deferred share credits after transaction
3389.1270 share credits
Total Directors' Deferred Compensation Share Credits held after July 21, 2026
Direct Class A common shares held
295.0000 shares
Direct Erie Indemnity Class A common stock position after the reported date
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, Outside Directors' Stock Plan, dividend reinvestment
4 terms
Outside Directors' Deferred Compensation Plan financial
"Conversion price is not applicable to shares granted under the Outside Directors'"
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan. These Share Credits represent the right"
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation Plan."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ERIE director Brian Arden Hudson Sr. report?
Brian Arden Hudson Sr., a director of Erie Indemnity (ERIE), acquired 24.5610 deferred share credits on July 21, 2026. These Directors' Deferred Compensation Share Credits were added via dividend reinvestment and will settle in Class A common stock when his board service ends.
What is the nature of the securities involved in the ERIE insider transaction?
The transaction involves Directors' Deferred Compensation Share Credits, not ordinary stock purchases. These credits are periodically granted under Erie Indemnity’s Outside Directors' Stock and Deferred Compensation Plans and convert into an equivalent number of Class A common shares at the end of the director’s service.