Erie Indemnity (NASDAQ: ERIE) EVP credited dividend-based deferred shares
Rhea-AI Filing Summary
Erie Indemnity Company executive vice president and chief information officer Srinivasa Parthasarathy acquired 18.501 Incentive Compensation Deferral Plan share credits on July 21, 2026 through dividend reinvestment. These share credits represent rights to receive an equivalent number of Class A common shares upon retirement or separation, bringing his deferred share-credit balance to 2,748.676.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Srinivasa Parthasarathy
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits F1, F2, F3 | 18.501 | $215.82 | $4K |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 2,748.676 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: 18.5010
Share Credits following transaction: 2748.6760
Underlying security shares: 18.5010
3 metrics
Share Credits acquired
18.5010
Incentive Compensation Deferral Plan Share Credits credited on July 21, 2026
Share Credits following transaction
2748.6760
Total Incentive Compensation Deferral Plan Share Credits after the reported acquisition
Underlying security shares
18.5010
Underlying Erie Indemnity Class A common stock corresponding to the new share credits
Key Terms
Incentive Compensation Deferral Plan, Share Credits, dividend reinvestment
3 terms
Incentive Compensation Deferral Plan financial
"under the Erie Indemnity Company Incentive Compensation Deferral Plan."
dividend reinvestment financial
"Acquired under dividend reinvestment for the Erie Indemnity Company Incentive"
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 report for Srinivasa Parthasarathy?
Srinivasa Parthasarathy received 18.501 share credits under Erie Indemnity’s Incentive Compensation Deferral Plan. These credits were added on July 21, 2026 via dividend reinvestment and represent rights to receive an equivalent number of Class A common shares at retirement or separation.
Was the ERIE Form 4 transaction made under a Rule 10b5-1 trading plan?
The Form 4 does not indicate use of a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is not marked as applicable, and the footnotes describe the transaction as dividend reinvestment within the Incentive Compensation Deferral Plan.
What type of security is reported in ERIE’s Form 4 for Srinivasa Parthasarathy?
The filing reports Incentive Compensation Deferral Plan Share Credits, a derivative tied to Erie Indemnity Class A common stock. Each share credit represents the right to receive one Class A share when the executive retires or otherwise separates from service with the company.
Does this ERIE Form 4 reflect open-market buying or selling of Class A common stock?
No, it reflects dividend reinvestment into deferred share credits, not open-market trades. The credits were acquired within the Incentive Compensation Deferral Plan and will convert into an equivalent number of Class A shares only upon retirement or separation from service.