STOCK TITAN

[Form 4] Erie Indemnity Co Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Erie Indemnity Co. (ERIE) Form 4, filed 24-Jul-2025, shows Director Jonathan Hirt Hagen’s only reportable activity on 22-Jul-2025 was the automatic crediting of 62.518 Directors’ Deferred Compensation Share Credits (transaction code J) through dividend reinvestment. These share credits represent a future right to receive an equal number of Class A common shares when board service ends; they have no strike price or expiration.

After the transaction Hagen beneficially owns:

  • 223,130 Class A shares held directly
  • 400 Class A shares held indirectly by son and daughter (disclaimed)
  • 16,580.64 deferred share credits held directly
  • Convertible Class B holdings that equate to 5,616,000 Class A shares when fully converted, held both directly and as co-trustee/beneficiary of family trusts
No open-market purchases or sales of Class A stock occurred, and total direct economic exposure changed by less than 0.1%. The filing signals routine reinvestment rather than a deliberate buy or sell decision.

Erie Indemnity Co. (ERIE) ha presentato il Modulo 4 il 24 luglio 2025, che mostra come l'unica attività segnalabile del Direttore Jonathan Hirt Hagen il 22 luglio 2025 sia stata l'accredito automatico di 62.518 Crediti di Compensazione Differita per Amministratori (codice transazione J) tramite il reinvestimento dei dividendi. Questi crediti rappresentano un diritto futuro a ricevere un numero pari di azioni ordinarie di Classe A al termine del servizio nel consiglio; non hanno prezzo di esercizio né scadenza.

Dopo la transazione, Hagen detiene effettivamente:

  • 223.130 azioni di Classe A detenute direttamente
  • 400 azioni di Classe A detenute indirettamente da figlio e figlia (rinunciate)
  • 16.580,64 crediti azionari differiti detenuti direttamente
  • Partecipazioni convertibili di Classe B equivalenti a 5.616.000 azioni di Classe A una volta completamente convertite, detenute sia direttamente che come co-trustee/beneficiario di trust familiari
Non si sono verificate compravendite sul mercato aperto di azioni di Classe A e l'esposizione economica diretta totale è cambiata di meno dello 0,1%. La comunicazione indica un reinvestimento di routine piuttosto che una decisione intenzionale di acquisto o vendita.

Erie Indemnity Co. (ERIE) presentó el Formulario 4 el 24 de julio de 2025, que muestra que la única actividad reportable del Director Jonathan Hirt Hagen el 22 de julio de 2025 fue el crédito automático de 62.518 Créditos de Acciones de Compensación Diferida para Directores (código de transacción J) mediante reinversión de dividendos. Estos créditos representan un derecho futuro a recibir un número igual de acciones ordinarias Clase A al finalizar el servicio en la junta; no tienen precio de ejercicio ni vencimiento.

Después de la transacción, Hagen posee beneficiariamente:

  • 223,130 acciones Clase A en propiedad directa
  • 400 acciones Clase A en propiedad indirecta por parte de su hijo e hija (renunciadas)
  • 16,580.64 créditos de acciones diferidas en propiedad directa
  • Participaciones convertibles de Clase B equivalentes a 5,616,000 acciones Clase A cuando se convierten totalmente, mantenidas tanto directamente como como co-fiduciario/beneficiario de fideicomisos familiares
No se realizaron compras ni ventas en el mercado abierto de acciones Clase A, y la exposición económica directa total cambió menos del 0,1%. La presentación indica una reinversión rutinaria en lugar de una decisión deliberada de compra o venta.

Erie Indemnity Co. (ERIE)는 2025년 7월 24일에 제출한 Form 4에서 이사회 이사 Jonathan Hirt Hagen의 2025년 7월 22일 단 한 건의 보고 가능한 활동이 배당금 재투자를 통해 62,518 주의 이사 지연 보상 주식 크레딧(거래 코드 J)이 자동으로 적립된 것임을 보여줍니다. 이 주식 크레딧은 이사회 임기 종료 시 동등한 수의 클래스 A 보통주를 받을 미래 권리를 나타내며, 행사가격이나 만료일이 없습니다.

거래 후 Hagen은 다음을 실질적으로 보유하고 있습니다:

  • 223,130 주의 클래스 A 주식을 직접 보유
  • 400 주의 클래스 A 주식을 아들과 딸이 간접 보유(권리 포기)
  • 16,580.64 주의 지연 주식 크레딧을 직접 보유
  • 완전 전환 시 5,616,000 주의 클래스 A 주식과 동일한 전환 가능 클래스 B 지분을 직접 및 가족 신탁의 공동 수탁자/수혜자로서 보유
클래스 A 주식의 공개 시장 매매는 없었으며, 총 직접 경제적 노출은 0.1% 미만으로 변동했습니다. 이 제출은 의도적인 매수 또는 매도 결정보다는 일상적인 재투자를 나타냅니다.

Erie Indemnity Co. (ERIE) a déposé le formulaire 4 le 24 juillet 2025, indiquant que la seule activité déclarable du directeur Jonathan Hirt Hagen le 22 juillet 2025 était l'attribution automatique de 62 518 crédits d'actions de rémunération différée des administrateurs (code transaction J) par réinvestissement des dividendes. Ces crédits représentent un droit futur de recevoir un nombre égal d'actions ordinaires de classe A à la fin du mandat au conseil ; ils n'ont ni prix d'exercice ni date d'expiration.

Après la transaction, Hagen détient effectivement :

  • 223 130 actions de classe A détenues directement
  • 400 actions de classe A détenues indirectement par son fils et sa fille (renoncées)
  • 16 580,64 crédits d'actions différées détenus directement
  • Participations convertibles de classe B équivalentes à 5 616 000 actions de classe A une fois entièrement converties, détenues à la fois directement et en tant que co-trustee/bénéficiaire de trusts familiaux
Aucun achat ou vente d'actions de classe A sur le marché ouvert n'a eu lieu, et l'exposition économique directe totale a changé de moins de 0,1 %. Le dépôt signale un réinvestissement de routine plutôt qu'une décision délibérée d'achat ou de vente.

Erie Indemnity Co. (ERIE) reichte am 24. Juli 2025 ein Formular 4 ein, das zeigt, dass die einzige meldepflichtige Aktivität des Direktors Jonathan Hirt Hagen am 22. Juli 2025 die automatische Gutschrift von 62.518 Directors’ Deferred Compensation Share Credits (Transaktionscode J) durch Dividenden-Reinvestition war. Diese Gutschriften stellen ein zukünftiges Recht dar, bei Beendigung der Vorstandstätigkeit eine entsprechende Anzahl von Class A Stammaktien zu erhalten; sie haben keinen Ausübungspreis oder Verfallsdatum.

Nach der Transaktion besitzt Hagen wirtschaftlich:

  • 223.130 Class A Aktien direkt gehalten
  • 400 Class A Aktien indirekt gehalten durch Sohn und Tochter (abgelehnt)
  • 16.580,64 direkt gehaltene aufgeschobene Aktiengutschriften
  • Wandelbare Class B Beteiligungen, die bei vollständiger Umwandlung 5.616.000 Class A Aktien entsprechen, gehalten sowohl direkt als auch als Miterbe/Vermögensverwalter von Familienstiftungen
Es fanden keine Käufe oder Verkäufe von Class A Aktien am offenen Markt statt, und die gesamte direkte wirtschaftliche Beteiligung änderte sich um weniger als 0,1 %. Die Meldung signalisiert eine routinemäßige Reinvestition und keine bewusste Kauf- oder Verkaufsentscheidung.

Positive
  • Director’s equity stake incrementally increases through automatic dividend reinvestment, reinforcing alignment with shareholders.
Negative
  • Transaction size is immaterial (~0.03% of director’s existing Class A exposure), offering no meaningful trading signal.

Insights

TL;DR: Routine dividend reinvestment; immaterial to valuation.

The 62.5 share-credit addition (~US$23k) marginally increases the director’s deferred stake and does not affect the public float or insider sentiment. Hagen already controls millions of Class A-equivalent shares via Class B conversion rights, so this bookkeeping entry is negligible. No buying or selling signal is implied; therefore impact on ERIE’s share-price outlook is neutral.

TL;DR: Filing reflects standard board compensation; no governance red flags.

The transaction arises from the Outside Directors’ Deferred Compensation Plan—common practice for aligning directors with shareholders. Disclosure of large Class B holdings reaffirms dual-class structure but was previously known. There are no unusual related-party dealings or sudden disposals, so governance risk remains unchanged.

Erie Indemnity Co. (ERIE) ha presentato il Modulo 4 il 24 luglio 2025, che mostra come l'unica attività segnalabile del Direttore Jonathan Hirt Hagen il 22 luglio 2025 sia stata l'accredito automatico di 62.518 Crediti di Compensazione Differita per Amministratori (codice transazione J) tramite il reinvestimento dei dividendi. Questi crediti rappresentano un diritto futuro a ricevere un numero pari di azioni ordinarie di Classe A al termine del servizio nel consiglio; non hanno prezzo di esercizio né scadenza.

Dopo la transazione, Hagen detiene effettivamente:

  • 223.130 azioni di Classe A detenute direttamente
  • 400 azioni di Classe A detenute indirettamente da figlio e figlia (rinunciate)
  • 16.580,64 crediti azionari differiti detenuti direttamente
  • Partecipazioni convertibili di Classe B equivalenti a 5.616.000 azioni di Classe A una volta completamente convertite, detenute sia direttamente che come co-trustee/beneficiario di trust familiari
Non si sono verificate compravendite sul mercato aperto di azioni di Classe A e l'esposizione economica diretta totale è cambiata di meno dello 0,1%. La comunicazione indica un reinvestimento di routine piuttosto che una decisione intenzionale di acquisto o vendita.

Erie Indemnity Co. (ERIE) presentó el Formulario 4 el 24 de julio de 2025, que muestra que la única actividad reportable del Director Jonathan Hirt Hagen el 22 de julio de 2025 fue el crédito automático de 62.518 Créditos de Acciones de Compensación Diferida para Directores (código de transacción J) mediante reinversión de dividendos. Estos créditos representan un derecho futuro a recibir un número igual de acciones ordinarias Clase A al finalizar el servicio en la junta; no tienen precio de ejercicio ni vencimiento.

Después de la transacción, Hagen posee beneficiariamente:

  • 223,130 acciones Clase A en propiedad directa
  • 400 acciones Clase A en propiedad indirecta por parte de su hijo e hija (renunciadas)
  • 16,580.64 créditos de acciones diferidas en propiedad directa
  • Participaciones convertibles de Clase B equivalentes a 5,616,000 acciones Clase A cuando se convierten totalmente, mantenidas tanto directamente como como co-fiduciario/beneficiario de fideicomisos familiares
No se realizaron compras ni ventas en el mercado abierto de acciones Clase A, y la exposición económica directa total cambió menos del 0,1%. La presentación indica una reinversión rutinaria en lugar de una decisión deliberada de compra o venta.

Erie Indemnity Co. (ERIE)는 2025년 7월 24일에 제출한 Form 4에서 이사회 이사 Jonathan Hirt Hagen의 2025년 7월 22일 단 한 건의 보고 가능한 활동이 배당금 재투자를 통해 62,518 주의 이사 지연 보상 주식 크레딧(거래 코드 J)이 자동으로 적립된 것임을 보여줍니다. 이 주식 크레딧은 이사회 임기 종료 시 동등한 수의 클래스 A 보통주를 받을 미래 권리를 나타내며, 행사가격이나 만료일이 없습니다.

거래 후 Hagen은 다음을 실질적으로 보유하고 있습니다:

  • 223,130 주의 클래스 A 주식을 직접 보유
  • 400 주의 클래스 A 주식을 아들과 딸이 간접 보유(권리 포기)
  • 16,580.64 주의 지연 주식 크레딧을 직접 보유
  • 완전 전환 시 5,616,000 주의 클래스 A 주식과 동일한 전환 가능 클래스 B 지분을 직접 및 가족 신탁의 공동 수탁자/수혜자로서 보유
클래스 A 주식의 공개 시장 매매는 없었으며, 총 직접 경제적 노출은 0.1% 미만으로 변동했습니다. 이 제출은 의도적인 매수 또는 매도 결정보다는 일상적인 재투자를 나타냅니다.

Erie Indemnity Co. (ERIE) a déposé le formulaire 4 le 24 juillet 2025, indiquant que la seule activité déclarable du directeur Jonathan Hirt Hagen le 22 juillet 2025 était l'attribution automatique de 62 518 crédits d'actions de rémunération différée des administrateurs (code transaction J) par réinvestissement des dividendes. Ces crédits représentent un droit futur de recevoir un nombre égal d'actions ordinaires de classe A à la fin du mandat au conseil ; ils n'ont ni prix d'exercice ni date d'expiration.

Après la transaction, Hagen détient effectivement :

  • 223 130 actions de classe A détenues directement
  • 400 actions de classe A détenues indirectement par son fils et sa fille (renoncées)
  • 16 580,64 crédits d'actions différées détenus directement
  • Participations convertibles de classe B équivalentes à 5 616 000 actions de classe A une fois entièrement converties, détenues à la fois directement et en tant que co-trustee/bénéficiaire de trusts familiaux
Aucun achat ou vente d'actions de classe A sur le marché ouvert n'a eu lieu, et l'exposition économique directe totale a changé de moins de 0,1 %. Le dépôt signale un réinvestissement de routine plutôt qu'une décision délibérée d'achat ou de vente.

Erie Indemnity Co. (ERIE) reichte am 24. Juli 2025 ein Formular 4 ein, das zeigt, dass die einzige meldepflichtige Aktivität des Direktors Jonathan Hirt Hagen am 22. Juli 2025 die automatische Gutschrift von 62.518 Directors’ Deferred Compensation Share Credits (Transaktionscode J) durch Dividenden-Reinvestition war. Diese Gutschriften stellen ein zukünftiges Recht dar, bei Beendigung der Vorstandstätigkeit eine entsprechende Anzahl von Class A Stammaktien zu erhalten; sie haben keinen Ausübungspreis oder Verfallsdatum.

Nach der Transaktion besitzt Hagen wirtschaftlich:

  • 223.130 Class A Aktien direkt gehalten
  • 400 Class A Aktien indirekt gehalten durch Sohn und Tochter (abgelehnt)
  • 16.580,64 direkt gehaltene aufgeschobene Aktiengutschriften
  • Wandelbare Class B Beteiligungen, die bei vollständiger Umwandlung 5.616.000 Class A Aktien entsprechen, gehalten sowohl direkt als auch als Miterbe/Vermögensverwalter von Familienstiftungen
Es fanden keine Käufe oder Verkäufe von Class A Aktien am offenen Markt statt, und die gesamte direkte wirtschaftliche Beteiligung änderte sich um weniger als 0,1 %. Die Meldung signalisiert eine routinemäßige Reinvestition und keine bewusste Kauf- oder Verkaufsentscheidung.

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*
Hagen Jonathan Hirt

(Last) (First) (Middle)
19 UNIVERSITY MEWS

(Street)
PHILADELPHIA PA 19104-4756

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025
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 223,130 D
Class A Common Stock 200 I By Daughter(1)
Class A Common Stock 200 I By Son(1)
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
Directors' Deferred Compensation Share Credits $0(2) 07/22/2025 J(3) 62.518 (4) (4) Class A Common Stock 62.518 $364.1 16,580.64 D
Class B Common Stock $0(5) (5) (5) Class A Common Stock 2,400(5) 1(5) D
Class B Common Stock $0(5) (5) (5) Class A Common Stock 1,404,000(5) 585(5) I Contingent Beneficiary & Co-Trustee, Trust
Class B Common Stock $0(5) (5) (5) Class A Common Stock 1,404,000(5) 585(5) I Contingent Beneficiary & Co-Trustee, Trust
Class B Common Stock $0(5) (5) (5) Class A Common Stock 2,808,000(5) 1,170(5) I Primary Beneficiary & Co-Trustee, Trust
Explanation of Responses:
1. 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.
2. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
3. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
4. 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.
5. 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.
Remarks:
Rebecca A. Buona, Power of Attorney 07/24/2025
** 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.
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.

FAQ

What did ERIE Director Jonathan Hirt Hagen report in the July 2025 Form 4?

He received 62.518 deferred share credits via dividend reinvestment on 22-Jul-2025; no shares were bought or sold.

How many Erie Indemnity Class A shares does Hagen now own directly?

He holds 223,130 Class A common shares directly after the reported transaction.

What are Directors’ Deferred Compensation Share Credits at ERIE?

They are bookkeeping entries that convert 1-for-1 into Class A shares when a director’s service ends; they have no expiration or exercise price.

Does the filing indicate any change in ERIE’s dual-class structure?

No. It merely restates Hagen’s sizable Class B holdings, which remain convertible to Class A at 2,400-to-1.

Is this Form 4 transaction material to ERIE investors?

Impact is negligible; the share-credit addition is routine and does not affect float, earnings, or control.
Erie Indty Co

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