Erie EVP logs small stock and share credit changes
Erie Indemnity Company executive Cody Cook reported a small restructuring-type transaction involving company stock and deferred share credits.
Rhea-AI Filing Summary
Erie Indemnity Company executive Cody Cook reported a small restructuring-type transaction involving company stock and deferred share credits. A participant-directed transaction under a 401(k) plan covered 5.904 shares of Class A common stock at $251.31 per share, leaving him with 1,126.784 directly held shares. He also holds Incentive Compensation Deferral Plan Share Credits tied to 1,276.289 Class A shares, which he is entitled to receive when he retires or otherwise separates from service, with no exercise price or expiration dates.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 5.904 | $251.31 | $1K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Footnotes (3)
- F1. Participant directed transaction under 401(k) Plan.
- F2. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F3. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of a select group of management and highly compensated employees of Erie Indemnity Company pursuant to its Incentive Compensation Deferral 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 retires or otherwise separates from service with the Company. There are no exercisable or expiration dates for these securities.
Key Figures
Key Terms
Participant directed transaction financial
Incentive Compensation Deferral Plan financial
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What did ERIE executive Cody Cook report in this Form 4 filing?
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