Erie Indemnity director gets deferred share credits
Erie Indemnity director Salvatore Correnti reported routine deferred compensation activity.
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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.
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
Class A common stock financial
Other acquisition or disposition financial
FAQ
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What did Erie Indemnity (ERIE) director Salvatore Correnti report on this Form 4?
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