Erie Indemnity (ERIE) director gains 24.562 deferred compensation share credits
Rhea-AI Filing Summary
Erie Indemnity Company director Eugene C. Connell reported receiving 24.5620 Directors' Deferred Compensation Share Credits on 2026-07-21, acquired through dividend reinvestment under the Outside Directors' Deferred Compensation Plan. This brought his deferred share-credit balance to 3,389.1300, representing the right to receive the same number of Class A common shares when his board service ends. He also reported 17,433.2460 directly held Class A shares and 2,462.6020 Class A shares held by his children living in his household, which he disclaims as beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CONNELL EUGENE C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F2, F3, F4 | 24.562 | $215.82 | $5K |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 3,389.13 shares (Direct);
Class A Common Stock — 2,462.602 shares (Indirect, By Children);
Class A Common Stock — 17,433.246 shares (Direct)
Footnotes (4)
- F1. Shares held by Reporting Person's children living in his household. The Reporting Person disclaims beneficial ownership of these reported securities, therefore this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F2. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F3. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F4. 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: 24.5620 share credits
Deferred share credits after transaction: 3,389.1300 share credits
Reference price per credit: $215.8200 per share
+2 more
5 metrics
Deferred share credits acquired
24.5620 share credits
Directors' Deferred Compensation Share Credits acquired on 2026-07-21 via dividend reinvestment
Deferred share credits after transaction
3,389.1300 share credits
Total Directors' Deferred Compensation Share Credits following the 2026-07-21 transaction
Reference price per credit
$215.8200 per share
Transaction price associated with the 24.5620 deferred compensation share credits
Direct Class A holdings
17,433.2460 shares
Directly held Erie Indemnity Class A common stock reported as of 2026-07-21
Indirect Class A holdings by children
2,462.6020 shares
Class A shares held by Connell's children living in his household; beneficial ownership disclaimed
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, dividend reinvestment, Outside Directors' Stock Plan, +1 more
5 terms
Outside Directors' Deferred Compensation Plan financial
"Shares granted under the Outside Directors' Deferred Compensation Plan."
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation Plan."
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.
Outside Directors' Stock Plan financial
"Share Credits credited under the Outside Directors' Stock Plan."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these reported securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did ERIE director Eugene C. Connell report?
Eugene C. Connell reported receiving 24.5620 Directors' Deferred Compensation Share Credits on 2026-07-21. These were acquired via dividend reinvestment under Erie Indemnity's Outside Directors' Deferred Compensation Plan and represent a right to future Class A common shares when his board service ends.
What direct Class A common stock holdings did ERIE director Connell disclose?
Connell disclosed direct ownership of 17,433.2460 Erie Indemnity Class A common shares. This figure is reported as his direct holding as of the transaction date and is separate from his deferred compensation share credits and any indirect holdings attributed to family members.
AI-generated analysis. How Rhea-AI works. Not financial advice.
