Erie Indemnity director adds deferred share credits
Erie Indemnity Company director J. Ralph Borneman, Jr. reported routine updates to his holdings.
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Rhea-AI Filing Summary
Erie Indemnity Company director J. Ralph Borneman, Jr. reported routine updates to his holdings. An additional 116.972 Directors' Deferred Compensation Share Credits were acquired through dividend reinvestment at $253.85 per share credit under the Directors' Deferred Compensation Plan.
These share credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when his board service ends and have no exercise or expiration dates. Following this transaction, his direct deferred compensation share credit balance is 20,420.172. Separately, 10,000 Class A Common Stock shares are reported as held indirectly in a revocable trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 116.972 | $253.85 | $30K |
| holding | Class A Common Stock | -- | -- | -- |
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
Key Terms
Directors' Deferred Compensation Plan financial
Outside Directors' Stock Plan financial
FAQ
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What did ERIE director J. Ralph Borneman, Jr. report in this Form 4?
Does this ERIE Form 4 show any open-market buy or sell transactions?
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