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Erie Indemnity (NASDAQ: ERIE) reports director deferred share credit increase

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

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  • None.
Insider BORNEMAN J RALPH JR
Role null
Type Security Shares Price Value
Other Directors' Deferred Compensation Share Credits 116.972 $253.85 $30K
holding Class A Common Stock -- -- --
Holdings After Transaction: Directors' Deferred Compensation Share Credits — 20,420.172 shares (Direct, null); Class A Common Stock — 10,000 shares (Indirect, J. Ralph Borneman, Jr. TTEE J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015)
Footnotes (1)
  1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under dividend reinvestment for Directors' Deferred Compensation 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.
New deferred share credits 116.972 share credits Acquired via dividend reinvestment at $253.85 per credit on 2026-04-21
Deferred credits after transaction 20,420.172 share credits Directors' Deferred Compensation Share Credits following 2026-04-21 entry
Indirect Class A shares 10,000 shares Class A Common Stock held indirectly in revocable trust as of 2026-04-21
Reference price per share credit $253.85 per share credit Price shown for 116.972 Directors' Deferred Compensation Share Credits
Directors' Deferred Compensation Plan financial
"Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan."
Outside Directors' Stock Plan financial
"credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan."
Share Credits financial
"These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock"
SEC Form 4
FORM 4UNITED 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*
BORNEMAN J RALPH JR

(Last)(First)(Middle)
17 E. PHILADELPHIA AVENUE
PO BOX 584

(Street)
BOYERTOWN PENNSYLVANIA 19512

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock10,000IJ. Ralph Borneman, Jr. TTEE J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Directors' Deferred Compensation Share Credits$0(1)04/21/2026J(2)116.972 (3) (3)Class A Common Stock116.972$253.8520,420.172D
Explanation of Responses:
1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
2. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
3. 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.
Remarks:
Rebecca A. Buona, Power of Attorney04/22/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did ERIE director J. Ralph Borneman, Jr. report in this Form 4?

He reported a routine update to his holdings, with 116.972 Directors' Deferred Compensation Share Credits added through dividend reinvestment, and total deferred credits rising to 20,420.172, plus 10,000 Class A shares held indirectly in a revocable trust.

How many deferred share credits does ERIE's director hold after this transaction?

After the transaction, he holds 20,420.172 Directors' Deferred Compensation Share Credits. These credits are linked to the Outside Directors' Stock Plan and represent the right to receive an equivalent number of Class A common shares when his service as a director ends.

How were the new ERIE deferred share credits acquired in this filing?

The 116.972 additional Directors' Deferred Compensation Share Credits were acquired through dividend reinvestment under the Directors' Deferred Compensation Plan at a reference price of $253.85 per share credit, reflecting automatic plan mechanics rather than an open-market stock purchase or sale.

What do ERIE Directors' Deferred Compensation Share Credits represent?

These share credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when the director’s service ends. They are periodically credited under the Outside Directors' Stock Plan and do not have exercisable or expiration dates like typical stock options or warrants.

What indirect ERIE share holdings are reported for the director?

The filing reports 10,000 shares of Erie Indemnity Class A Common Stock held indirectly through the J. Ralph Borneman, Jr. Revocable Trust. This entry reflects ongoing indirect ownership as of the reporting date, rather than detailing a new purchase or sale transaction.

Does this ERIE Form 4 show any open-market buy or sell transactions?

The Form 4 does not show open-market buys or sells. It reflects dividend reinvestment into 116.972 deferred compensation share credits and a reported indirect holding of 10,000 Class A shares in a revocable trust, indicating routine compensation and ownership reporting.