Erie Indemnity (ERIE) director entities add 7,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity director Elizabeth A. Vorsheck, a more than 10% owner, reported indirect open-market purchases of Class A common stock through entities associated with her. VEIC Limited Partnership bought 4,000 Class A shares at $200.00 per share, and the Elizabeth Vorsheck Revocable Trust acquired 1,000 shares at $211.50 and 2,000 shares at $211.00 per share.
After these transactions, VEIC Limited Partnership held 3,004,000 Class A shares, while the revocable trust held 267,081 Class A shares, both reported as indirect ownership. The filing also shows significant indirect positions in Class B common stock that is convertible into Class A at a rate of 2,400 Class A shares for each Class B share, as well as 14,461.088 Directors' Deferred Compensation Share Credits representing the right to receive an equivalent number of Class A shares at the end of her board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,000 shares ($1,433,500)
Net Buy
9 txns
Insider
Vorsheck Elizabeth A
Role
null
Bought
7,000 shs ($1.43M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 2,000 | $211.00 | $422K |
| Purchase | Class A Common Stock | 1,000 | $211.50 | $212K |
| Purchase | Class A Common Stock | 4,000 | $200.00 | $800K |
| holding | Directors' Deferred Compensation Share Credits | -- | -- | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 266,081 shares (Indirect, By Elizabeth Vorsheck Trustee Elizabeth Vorsheck Revocable Trust U/A DTD 05/03/99);
Directors' Deferred Compensation Share Credits — 14,461.088 shares (Direct, null);
Class B Common Stock — 2,808 shares (Indirect, Contingent Beneficiary & Co-Trustee, Trust)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors (the "Plan"). 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. 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
Open-market purchase 1: 4,000 shares at $200.00
Open-market purchase 2: 1,000 shares at $211.50
Open-market purchase 3: 2,000 shares at $211.00
+4 more
7 metrics
Open-market purchase 1
4,000 shares at $200.00
Class A Common Stock by VEIC Limited Partnership on June 2, 2026
Open-market purchase 2
1,000 shares at $211.50
Class A Common Stock by Elizabeth Vorsheck Revocable Trust on June 2, 2026
Open-market purchase 3
2,000 shares at $211.00
Class A Common Stock by Elizabeth Vorsheck Revocable Trust on June 2, 2026
VEIC LP Class A holdings
3,004,000 shares
Class A Common Stock indirectly owned after transactions
Revocable Trust Class A holdings
267,081 shares
Class A Common Stock indirectly owned after transactions
Class B conversion ratio
2,400 Class A per Class B
Convertible Class B Common Stock terms in Articles of Incorporation
Deferred share credits
14,461.088 share credits
Directors' Deferred Compensation Share Credits tied to Class A stock
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
"These Share Credits are periodically 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 (non-voting)"
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 (non-voting) 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.
Revocable Trust financial
"By Elizabeth Vorsheck Trustee Elizabeth Vorsheck Revocable Trust U/A DTD 05/03/99"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What insider activity did ERIE director Elizabeth Vorsheck report on this Form 4?
The Form 4 reports that entities associated with director Elizabeth A. Vorsheck purchased 7,000 Erie Indemnity Class A shares in open-market transactions, increasing her indirect ownership through a limited partnership and a revocable trust.
What are Elizabeth Vorsheck’s indirect Class A holdings after these ERIE transactions?
After the reported purchases, VEIC Limited Partnership held 3,004,000 Class A shares, and the Elizabeth Vorsheck Revocable Trust held 267,081 Class A shares, reflecting substantial indirect ownership positions in Erie Indemnity.
What ERIE Class B common stock and conversion rights are disclosed in this filing?
The filing shows indirect holdings of Class B common stock that is convertible into Class A at a rate of 2,400 Class A shares for each Class B share, with no exercise or expiration dates or specific exercise price for the conversion feature.