Erie Indemnity EVP logs plan share transaction
Erie Indemnity Company Executive Vice President Sarah Shine reported an administrative share transaction involving 4.628 shares of Class A common stock at $269.44 per share, bringing her directly held balance to 532.824 shares.
Rhea-AI Filing Summary
Erie Indemnity Company Executive Vice President Sarah Shine reported an administrative share transaction involving 4.628 shares of Class A common stock at $269.44 per share, bringing her directly held balance to 532.824 shares.
She also reported holdings of 2,678.365 share credits under the company’s Incentive Compensation Deferral Plan. These share credits give her the right to receive an equivalent number of Class A shares when she retires or otherwise leaves the company, and they do not have exercisable or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 4.628 | $269.44 | $1K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Footnotes (3)
- F1. Participant directed transaction under 401(k) Plan.
- F2. Conversion price is not applicable to shares granted under 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.
FAQ
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What insider activity did ERIE Executive Vice President Sarah Shine report on this Form 4?
Does the ERIE Form 4 indicate any open-market buying or selling by Sarah Shine?
What does the 401(k) plan footnote on Sarah Shine’s ERIE Form 4 mean for investors?
AI-generated analysis. How Rhea-AI works. Not financial advice.