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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Directors' Deferred Compensation Share Credits | 39.474 | $0.00 | -- |
| 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 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors (the "Plan"). 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. 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.
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.
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.
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.