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Erie Indemnity (ERIE) director adds 39 deferred share credits in Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Erie Indemnity director Salvatore Correnti reported routine deferred compensation activity. He received 39.475 Directors' Deferred Compensation Share Credits at $253.63 each under the Outside Directors' Deferred Compensation Plan, bringing his balance in these credits to 2,765.603. These credits represent the right to receive an equivalent number of Class A common shares when his board service ends and have no exercise or expiration dates. He also reports direct ownership of 320 Class A common shares.

Positive

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Insider Correnti Salvatore
Role null
Type Security Shares Price Value
Other Directors' Deferred Compensation Share Credits 39.475 $253.63 $10K
holding Class A Common Stock -- -- --
Holdings After Transaction: Directors' Deferred Compensation Share Credits — 2,765.603 shares (Direct, null); Class A Common Stock — 320 shares (Direct, null)
Footnotes (1)
  1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under Directors' Deferred Compensation Plan. 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.
Deferred share credits acquired 39.475 credits Directors' Deferred Compensation Share Credits on April 20, 2026
Price per deferred share credit <money>$253.63</money> per credit Valuation used for April 20, 2026 crediting
Total deferred share credits after transaction 2,765.603 credits Balance of Directors' Deferred Compensation Share Credits after April 20, 2026
Direct Class A shares held 320 shares Direct ownership of Erie Indemnity Class A common stock after reported transactions
Conversion or exercise price <money>$0.00</money> Not applicable to shares granted under Outside Directors' Deferred Compensation Plan
Directors' Deferred Compensation Share Credits financial
"Directors' Deferred Compensation Share Credits"
Outside Directors' Deferred Compensation Plan financial
"shares granted under the Outside Directors' Deferred Compensation Plan"
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan"
Class A common stock financial
"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.
Other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Correnti Salvatore

(Last)(First)(Middle)
114 OLYMPUS WAY

(Street)
JUPITER FLORIDA 33477

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock320D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Directors' Deferred Compensation Share Credits$0(1)04/20/2026J(2)39.475 (3) (3)Class A Common Stock39.475$253.632,765.603D
Explanation of Responses:
1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
2. Acquired under Directors' Deferred Compensation Plan.
3. 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.
Remarks:
Rebecca A. Buona, Power of Attorney04/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Erie Indemnity (ERIE) director Salvatore Correnti report on this Form 4?

He reported routine board compensation. Correnti received 39.475 Directors’ Deferred Compensation Share Credits, linked to Erie Indemnity Class A common stock, and now holds 2,765.603 such credits plus 320 directly owned Class A shares.

Are the transactions by Erie Indemnity (ERIE) director Correnti open-market buys or sells?

No, they are not open-market trades. The filing shows share credits acquired under an Outside Directors’ Deferred Compensation Plan, which function as deferred stock-based compensation rather than discretionary market purchases or sales.

What are Directors’ Deferred Compensation Share Credits at Erie Indemnity (ERIE)?

They are bookkeeping entries representing the right to receive an equivalent number of Erie Indemnity Class A common shares. According to the filing, these credits are periodically granted to certain directors and convert into shares when board service ends, with no exercise or expiration dates.

How many Erie Indemnity (ERIE) share credits does Correnti hold after this transaction?

After receiving 39.475 additional share credits, Correnti holds 2,765.603 Directors’ Deferred Compensation Share Credits. Each credit represents the right to receive one Class A common share when his service as a director concludes, according to the plan terms described.

What direct Erie Indemnity (ERIE) share ownership does Correnti report?

The filing shows Correnti directly owns 320 shares of Erie Indemnity Class A common stock. This direct holding is separate from his 2,765.603 Directors’ Deferred Compensation Share Credits, which are deferred rights to future shares rather than currently issued stock.