Erie Indemnity Co (ERIE) SVP gains deferral plan share credits
Rhea-AI Filing Summary
Erie Indemnity Co executive Jorie L. Novacek, SVP and Controller, acquired 6.7650 Incentive Compensation Deferral Plan Share Credits on July 21, 2026 at $215.8200 per share through dividend reinvestment.
These Share Credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when she retires or otherwise separates from service, have no exercisable or expiration dates, and bring her direct plan holdings to 1005.1240 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 F1, F2, F3 | 6.765 | $215.82 | $1K |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 1,005.124 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: 6.7650 credits
Transaction price: $215.8200 per share
Total share credits after transaction: 1005.1240 credits
+1 more
4 metrics
Share credits acquired
6.7650 credits
Incentive Compensation Deferral Plan Share Credits acquired on July 21, 2026
Transaction price
$215.8200 per share
Price used for crediting 6.7650 Share Credits on July 21, 2026
Total share credits after transaction
1005.1240 credits
Direct Incentive Compensation Deferral Plan Share Credits held after July 21, 2026
Underlying Class A common stock
6.7650 shares
Underlying Erie Indemnity Company Class A common stock linked to this acquisition
Key Terms
Incentive Compensation Deferral Plan Share Credits, dividend reinvestment, Share Credits
3 terms
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ERIE executive Jorie Novacek report on this Form 4?
Jorie L. Novacek reported acquiring 6.7650 Incentive Compensation Deferral Plan Share Credits for Erie Indemnity (ERIE). The credits were added on July 21, 2026 through dividend reinvestment and are tied to an equivalent number of Class A common shares deliverable at retirement or separation.
What type of security did ERIE report for Jorie Novacek on this Form 4?
The filing reports Incentive Compensation Deferral Plan Share Credits, a derivative-type security linked to ERIE’s Class A common stock. These Share Credits represent the right to receive an equivalent number of shares in the future, with no exercisable or expiration dates.