[Form 4] Erie Indemnity Co Insider Trading Activity
Sentiment and the balance of points
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Form Type
4
Insider Trade Summary
Other: 62.518 shares
Other
8 txns
Insider
Hagen Jonathan Hirt
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 62.518 | $364.10 | $23K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 16,580.64 contracts (Direct);
Class B Common Stock — 2,400 contracts (Direct);
Class B Common Stock — 2,808,000 contracts (Indirect, Contingent Beneficiary & Co-Trustee, Trust);
Class B Common Stock — 2,808,000 contracts (Indirect, Primary Beneficiary & Co-Trustee, Trust);
Class A Common Stock — 223,130 shares (Direct);
Class A Common Stock — 200 shares (Indirect, By Daughter);
Class A Common Stock — 200 shares (Indirect, By Son)
Footnotes (5)
- F1. Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F2. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F3. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F4. 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.
- F5. Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
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