ERIE Insider Filing: Shine Reports 2,653.329 Deferred Share Credits

Rhea-AI Filing Summary

Sarah Shine, Executive Vice President of Erie Indemnity Company, reported transactions on 09/30/2025. The Form 4 shows a non-derivative purchase of 4.518 shares of Class A common stock at a price of $318.16, leaving her with 506.804 shares beneficially owned following the transaction. The filing also reports 2,653.329 Share Credits under the Erie Indemnity Company Incentive Compensation Deferral Plan, which represent rights to receive the equivalent number of Class A shares upon retirement or separation from service and have no exercise or expiration dates. One transaction is noted as a participant-directed 401(k) plan transaction. The Form 4 was signed via power of attorney by Rebecca A. Buona on 10/01/2025.

Positive

• Executive disclosed a purchase of Class A shares, showing direct insider buying activity
• Clear reporting of Incentive Compensation Deferral Plan Share Credits that explain the nature and timing of deferred awards
• Participant-directed 401(k) transaction identified, indicating plan-related activity rather than opaque transfers

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider purchase and deferred-share credits; no immediate material change to ownership.

The Form 4 documents a small open-market purchase of 4.518 Class A shares at $318.16 and the recording of 2,653.329 Share Credits under the company's Incentive Compensation Deferral Plan. The purchase is modest relative to the reported beneficial holdings (506.804 shares) and the deferral credits indicate ongoing executive compensation deferral rather than exercised stock awards. The filing includes a participant-directed 401(k) notation, signaling at least one transaction was plan-related rather than an opportunistic block trade.

Corporate Governance Expert

TL;DR: Standard disclosure for an executive; compensation deferral structure disclosed clearly.

The disclosure shows the executive participates in the firm's Incentive Compensation Deferral Plan, receiving Share Credits that convert to Class A common stock upon separation or retirement and carry no exercisability constraints. The use of a power of attorney signature is documented. There are no indications in this filing of unusual timing, accelerated vesting, or other governance red flags; the reporting is consistent with routine executive compensation and participant-directed plan activity.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

Shine Sarah

(Last) (First) (Middle)

100 ERIE INSURANCE PLACE

(Street)

ERIE PA 16530

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/30/2025		J(1)		4.518	A	$318.16	506.804	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Compensation Deferral Plan Share Credits	(2)							(3)	(3)	Class A Common Stock	2,653.329		2,653.329	D

Explanation of Responses:

1. Participant directed transaction under 401(k) Plan.

2. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.

3. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of a select group of management and highly compensated employees of Erie Indemnity Company pursuant to its Incentive Compensation Deferral 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 retires or otherwise separates from service with the Company. There are no exercisable or expiration dates for these securities.

Remarks:

	Rebecca A. Buona, Power of Attorney	10/01/2025
	** Signature of Reporting Person	Date
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.
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FAQ

What transaction did Sarah Shine report on Form 4 for ERIE?

She reported a non-derivative purchase of 4.518 Class A shares at $318.16 on 09/30/2025.

How many shares does Sarah Shine beneficially own after the reported transaction?

Following the reported purchase, she beneficially owns 506.804 Class A shares.

What are the 2,653.329 Share Credits reported on the Form 4?

They are Share Credits under the Incentive Compensation Deferral Plan that represent rights to receive an equivalent number of Class A shares upon retirement or separation and have no exercise or expiration dates.

Was any transaction related to a retirement plan noted?

Yes, one transaction is identified as a participant-directed 401(k) Plan transaction.

Who signed the Form 4 and when?

The Form 4 shows a power of attorney signature by Rebecca A. Buona dated 10/01/2025.