Form 4: Thomas W. Palmer acquires 39.474 ERIE share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company reported a Form 4 for Director Thomas W. Palmer reflecting the acquisition of 39.474 Directors' Deferred Compensation Share Credits on 10/31/2025 under the Outside Directors' Deferred Compensation Plan (Transaction Code J).
These share credits represent the right to receive an equivalent number of Class A common shares when board service ends and have no exercisable or expiration dates. After the transaction, Palmer held 15,466.879 share credits directly and 770 Class A shares indirectly via the Thomas W. Palmer Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Palmer Thomas W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 39.474 | $292.64 | $12K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 15,466.879 shares (Direct);
Class A Common Stock — 770 shares (Indirect, By Thomas W. Palmer Revocable Trust)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under 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.
FAQ
What insider transaction did ERIE report on Form 4?
Director Thomas W. Palmer acquired 39.474 Directors' Deferred Compensation Share Credits on 10/31/2025 (Code J).
What were Thomas W. Palmer’s holdings after the reported transaction?
He beneficially owned 15,466.879 share credits directly and 770 ERIE Class A shares indirectly via a revocable trust.
What does Transaction Code J indicate on ERIE’s Form 4?
Code J indicates an “other” transaction; here, the credits were acquired under the Directors' Deferred Compensation Plan.