Erie Indemnity (NASDAQ: ERIE) reports director deferred share credit increase
Filing Impact
Filing Sentiment
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.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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.
Key Figures
New deferred share credits: 116.972 share credits
Deferred credits after transaction: 20,420.172 share credits
Indirect Class A shares: 10,000 shares
+1 more
4 metrics
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
Key Terms
Directors' Deferred Compensation Plan, Outside Directors' Stock Plan, Share Credits
3 terms
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."
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.
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.