Executive VP at Erie Indemnity (ERIE) logs plan-related share activity
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Shine Sarah
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 4.628 | $269.44 | $1K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 532.824 shares (Direct);
Incentive Compensation Deferral Plan Share Credits — 2,678.365 shares (Direct)
Footnotes (1)
- Participant directed transaction under 401(k) Plan. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. 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
What insider activity did ERIE Executive Vice President Sarah Shine report on this Form 4?
Sarah Shine reported an administrative transaction involving 4.628 shares of Erie Indemnity Class A common stock at $269.44 per share, increasing her directly held balance to 532.824 shares. The filing characterizes this as an “other” type of acquisition or disposition.
Does the ERIE Form 4 indicate any open-market buying or selling by Sarah Shine?
The Form 4 does not indicate open-market buying or selling. It describes an “other” type transaction, including a participant-directed transaction under a 401(k) plan and changes in plan-related share credits, rather than typical open-market purchases or sales.
What does the 401(k) plan footnote on Sarah Shine’s ERIE Form 4 mean for investors?
The footnote explains that one transaction was a participant-directed move under a 401(k) plan. This suggests the activity reflects retirement-plan administration rather than a discretionary open-market trade, providing context for interpreting the relatively small share movement disclosed.