Erie Indemnity SVP reports deferred share credits
Erie Indemnity Company senior vice president and controller Jorie L. Novacek reported a compensation-related adjustment, not an open-market trade.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 206.656 | $227.22 | $47K |
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F2. Acquired under the Erie Indemnity Company Incentive Compensation Deferral Plan from a Long Term Incentive Plan award.
- 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
Long Term Incentive Plan award financial
Incentive Compensation Deferral Plan financial
FAQ
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What did Erie Indemnity (ERIE) insider Jorie L. Novacek report on this Form 4?
Are the Erie Indemnity (ERIE) transactions by Jorie L. Novacek open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.