Erie Indemnity (ERIE) director adds deferred stock credits
Rhea-AI Filing Summary
Erie Indemnity Company director and 10% owner Elizabeth A. Vorsheck reported an automatic award of 39.474 Directors' Deferred Compensation Share Credits on January 31, 2026. These credits, granted under the Outside Directors' Stock Plan at $0 per credit, bring her directly held deferred share credit balance to 14,338.776, representing the right to receive the same number of Class A common shares when her board service ends.
The filing also lists substantial indirect holdings of Erie Indemnity Class A and Class B common stock through multiple trusts and a limited partnership where she serves in roles such as trustee, co‑trustee, beneficiary, or partner; these entries update ownership positions rather than record new share purchases or sales.
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FAQ
What insider transaction did Elizabeth A. Vorsheck report for ERIE on January 31, 2026?
Elizabeth A. Vorsheck reported receiving 39.474 Directors' Deferred Compensation Share Credits for Erie Indemnity on January 31, 2026. These credits are part of the company’s Outside Directors' Stock Plan and convert into the same number of Class A shares when her board service ends.
What are Directors' Deferred Compensation Share Credits in Erie Indemnity's Form 4?
Directors' Deferred Compensation Share Credits are bookkeeping entries that give a director the right to receive equivalent Class A shares when board service ends. For Erie Indemnity, these credits are granted at $0 and have no exercise or expiration dates, functioning as deferred stock-based compensation.
How many deferred share credits does Elizabeth A. Vorsheck hold after this ERIE transaction?
After the January 31, 2026 award, Elizabeth A. Vorsheck beneficially holds 14,338.776 Directors' Deferred Compensation Share Credits directly. Each credit represents a future right to one share of Erie Indemnity Class A common stock, deliverable when her service as a director ends under the plan’s terms.
Does the ERIE Form 4 show any Class B to Class A stock conversion terms?
Yes. The filing explains that Erie Indemnity 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 has no exercise price and no expiration dates under the company’s Articles of Incorporation.
What indirect Erie Indemnity share holdings are reported for Elizabeth A. Vorsheck?
The Form 4 lists multiple indirect holdings, including Class A shares held through trusts and a limited partnership, and Class B shares where she is a contingent or primary beneficiary and co‑trustee. These entries update ownership levels rather than record new market transactions in Erie Indemnity stock.
Is the reported ERIE director compensation grant a cash transaction?
No. The reported grant of 39.474 Directors' Deferred Compensation Share Credits is a non‑cash award. The credits are granted at $0 per unit and simply increase the director’s future right to receive Erie Indemnity Class A shares when her service on the board concludes.