Erie Indemnity (ERIE) director adds 39 deferred share credits in Form 4
Filing Impact
Filing Sentiment
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
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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.
Key Figures
Deferred share credits acquired: 39.475 credits
Price per deferred share credit: $253.63 per credit
Total deferred share credits after transaction: 2,765.603 credits
+2 more
5 metrics
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
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, Outside Directors' Stock Plan, Class A common stock, +1 more
5 terms
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""
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.