Erie Indemnity (NASDAQ: ERIE) SVP adds incentive Share Credits and holds 15,997 shares
Rhea-AI Filing Summary
Erie Indemnity Company executive Marc Cipriani, Senior Vice President, acquired 15.064 Incentive Compensation Deferral Plan Share Credits on 2026-07-21 through dividend reinvestment. This increased his plan-related Share Credits to 2,238.088, each representing the right to receive an equivalent number of Class A common shares upon retirement or separation, with no exercise or expiration dates. He also reports direct ownership of 15,997 shares of Class A common stock. The transaction is not reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cipriani Marc
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits F1, F2, F3 | 15.064 | $215.82 | $3K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 2,238.088 shares (Direct);
Class A Common Stock — 15,997 shares (Direct)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F2. Acquired under dividend reinvestment for 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
Share credits acquired: 15.0640
Total share credits after transaction: 2238.0880
Direct Class A shares held: 15997.0000
+1 more
4 metrics
Share credits acquired
15.0640
Incentive Compensation Deferral Plan Share Credits acquired on 2026-07-21
Total share credits after transaction
2238.0880
Share Credits balance in Incentive Compensation Deferral Plan after acquisition
Direct Class A shares held
15997.0000
Direct holdings of Erie Indemnity Class A common stock as of 2026-07-21
Underlying Class A shares for new credits
15.0640
Number of Class A common shares corresponding to newly credited Share Credits
Key Terms
Incentive Compensation Deferral Plan, Share Credits, dividend reinvestment, Class A common stock
4 terms
Incentive Compensation Deferral Plan financial
"shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan"
dividend reinvestment financial
"Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Class A common stock financial
"equivalent number of shares of Erie Indemnity Company Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Marc Cipriani report for ERIE?
Marc Cipriani reported acquiring 15.064 Incentive Compensation Deferral Plan Share Credits for Erie Indemnity. These Share Credits were added via dividend reinvestment within the company’s plan and represent deferred rights to receive Class A common stock at retirement or separation.
Did Marc Cipriani’s ERIE transaction involve open-market buying or selling?
The reported activity did not involve open-market trades; it reflects Share Credits acquired via dividend reinvestment in Erie Indemnity’s Incentive Compensation Deferral Plan. The filing also indicates the transaction was not made under a Rule 10b5-1 trading plan.