Erie Indemnity director updates deferred share credits
ERIE INDEMNITY CO director Thomas W. Palmer reported updated holdings, primarily reflecting board compensation arrangements rather than market trades.
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Rhea-AI Filing Summary
ERIE INDEMNITY CO director Thomas W. Palmer reported updated holdings, primarily reflecting board compensation arrangements rather than market trades. One entry shows indirect ownership of 770 shares of Class A common stock held through the Thomas W. Palmer Revocable Trust. A second entry records 39.475 Directors' Deferred Compensation Share Credits acquired under the company’s Directors' Deferred Compensation Plan at a reference value of $253.63 per share, bringing his total share credits to 15,627.056. Footnotes explain these share credits are periodically credited under the Outside Directors' Stock Plan and represent the right to receive an equivalent number of Class A shares when his board service ends, with no exercise or expiration dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 39.475 | $253.63 | $10K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F2. Acquired under Directors' Deferred Compensation Plan.
- F3. 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.
Key Figures
Key Terms
Outside Directors' Deferred Compensation Plan financial
Outside Directors' Stock Plan financial
Revocable Trust financial
FAQ
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What did ERIE (ERIE) director Thomas W. Palmer report in this Form 4?
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