Erie Indemnity (ERIE) SVP Novacek adds 206.656 deferred share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company senior vice president and controller Jorie L. Novacek reported a compensation-related adjustment, not an open-market trade. On this Form 4, 206.656 Incentive Compensation Deferral Plan Share Credits, tied to Class A common stock, were credited from a Long Term Incentive Plan award.
These share credits represent the right to receive an equivalent number of Erie Indemnity Class A shares when Novacek retires or otherwise leaves the company, with no exercise or expiration dates. Following this adjustment, the account reflects 998.359 share credits.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Novacek Jorie L
Role
SVP, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 206.656 | $227.22 | $47K |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 998.359 shares (Direct, null)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. Acquired under the Erie Indemnity Company Incentive Compensation Deferral Plan from a Long Term Incentive Plan award. 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 added: 206.656 share credits
Reference price per share credit: $227.2200
Share credits after transaction: 998.359 share credits
3 metrics
Share credits added
206.656 share credits
Incentive Compensation Deferral Plan transaction on 2026-06-05
Reference price per share credit
$227.2200
Plan share credit value on 2026-06-05
Share credits after transaction
998.359 share credits
Total Incentive Compensation Deferral Plan share credits post-transaction
Key Terms
Incentive Compensation Deferral Plan Share Credits, Long Term Incentive Plan award, Incentive Compensation Deferral Plan
3 terms
Long Term Incentive Plan award financial
"Acquired under the Erie Indemnity Company Incentive Compensation Deferral Plan from a Long Term Incentive Plan award."
Incentive Compensation Deferral Plan financial
"pursuant to its Incentive Compensation Deferral Plan."
FAQ
What did Erie Indemnity (ERIE) insider Jorie L. Novacek report on this Form 4?
Jorie L. Novacek reported 206.656 Incentive Compensation Deferral Plan Share Credits. These credits stem from a Long Term Incentive Plan award and are compensation-related, representing rights to future Erie Indemnity Class A shares rather than an immediate stock market purchase or sale.
Are the Erie Indemnity (ERIE) transactions by Jorie L. Novacek open-market buys or sells?
The reported activity is not an open-market buy or sell. It reflects an "other" type transaction, where share credits were acquired under Erie Indemnity’s Incentive Compensation Deferral Plan rather than through public market trading, so it does not signal discretionary stock buying or selling.