Erie Indemnity (NASDAQ: ERIE) director granted 65 deferred share credits
Rhea-AI Filing Summary
Hagen Thomas B reported acquisition or exercise transactions in this Form 4 filing.
Erie Indemnity Company director Thomas B. Hagen received 65 Directors' Deferred Compensation Share Credits on July 31, 2026 under the company's Outside Directors' Stock Plan, increasing his deferred share credit balance to 14,625.851. Each Share Credit represents the right to receive one share of Class A common stock when his board service ends.
The report also lists direct and indirect Class A and Class B holdings through family trusts, a family limited partnership, and the estate of Susan H. Hagen, with varying voting and investment powers, and Hagen disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Hagen Thomas B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F3, F4, F5 | 65 | $242.04 | $16K |
| holding | Class B Common Stock F6, F1 | -- | -- | -- |
| holding | Class B Common Stock F6 | -- | -- | -- |
| holding | Class B Common Stock F6, F2 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 14,625.851 shares (Direct);
Class B Common Stock — 28,800 shares (Indirect, Susan Hagen Non-Exempt Marital Irrev);
Class B Common Stock — 9,600 shares (Direct);
Class B Common Stock — 415,200 shares (Indirect, Family L.P.);
Class A Common Stock — 5,100 shares (Direct);
Class A Common Stock — 6,658,800 shares (Indirect, Susan H. Hagen Non-Exempt Marital Irrev Trust);
Class A Common Stock — 10,086,059 shares (Indirect, Family L.P.);
Class A Common Stock — 12,230 shares (Indirect, Estate of Susan H. Hagen)
Footnotes (6)
- F1. These shares were owned by Erie Indemnity Company director and reporting person, Susan Hirt Hagen who died 6/15/15. By operation of law, her 6,658,800 Class A shares and 12 Class B shares held in a revocable trust passed to an irrevocable trust of which this reporting person became co-trustee, sharing voting and investment powers. The 12,230 Class A shares from Mrs. Hagen's Directors' Deferred Compensation Plan account were subsequently transferred by the Company to her estate for which this reporting person is co-executor, sharing voting and investment powers. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- F2. These shares are held by the Hagen FLP of which the reporting person is a Limited Partner and the General Partner with the sole powers of investment and voting. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- F3. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F4. Acquired under Directors' Deferred Compensation Plan.
- F5. 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.
- F6. 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.
Key Figures
Deferred share credits acquired: 65.0000 share credits
Deferred share credits after transaction: 14625.8510 share credits
Direct Class A holdings: 5100.0000 shares
+4 more
7 metrics
Deferred share credits acquired
65.0000 share credits
Directors' Deferred Compensation Share Credits acquired on 2026-07-31
Deferred share credits after transaction
14625.8510 share credits
Total Directors' Deferred Compensation Share Credits following July 31, 2026 credit
Direct Class A holdings
5100.0000 shares
Direct Erie Indemnity Class A Common Stock held by Thomas B. Hagen
Indirect Class A via Susan H. Hagen trust
6658800.0000 shares
Class A shares in Susan H. Hagen Non-Exempt Marital Irrevocable Trust; Hagen is co-trustee and disclaims full beneficial ownership
Indirect Class A via Estate of Susan H. Hagen
12230.0000 shares
Class A shares in Estate of Susan H. Hagen; Hagen is co-executor and disclaims full beneficial ownership
Indirect Class A via Hagen FLP
10086059.0000 shares
Class A shares held by Hagen family limited partnership; Hagen has sole voting and investment power but disclaims full beneficial ownership
Underlying Class A from indirect Class B
28800.0000 underlying shares
Underlying Class A shares linked to indirectly held Class B common stock convertible at 2,400:1
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Stock Plan, Family L.P., pecuniary interest, +2 more
6 terms
Outside Directors' Stock Plan financial
"credited to the accounts of certain Directors pursuant to its Outside Directors' Stock Plan"
Family L.P. financial
"These shares are held by the Hagen FLP of which the reporting person is a Limited Partner"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
irrevocable trust financial
"passed to an irrevocable trust of which this reporting person became co-trustee"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Erie Indemnity (ERIE) director Thomas B. Hagen report?
Thomas B. Hagen reported receiving 65 Directors' Deferred Compensation Share Credits on July 31, 2026. These Share Credits are awarded under Erie Indemnity’s Outside Directors' Stock Plan and each represents a right to receive one share of Class A common stock when his board service ends.
What is the conversion feature between Erie Indemnity (ERIE) Class B and Class A common stock?
Class B common stock is convertible into Class A common stock at a rate of 2,400 Class A shares for each Class B share. This conversion can occur at any time and has no exercise price or expiration date under the company’s Articles of Incorporation.