Erie Indemnity (ERIE) CEO adds 74 deferred share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company President & CEO Timothy G. Necastro reported updated holdings of Class A common stock and deferred share credits. A Form 4 shows an additional 74 Incentive Compensation Deferral Plan Share Credits acquired through dividend reinvestment at $253.85 per credit, bringing his plan balance to 12,918.338 share credits, each representing the right to receive one Class A share upon retirement or separation. He also reports 9,541 Class A shares held directly and 278 shares held indirectly in a Roth IRA, with no open-market buys or sells disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
NECASTRO TIMOTHY G
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 74 | $253.85 | $19K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 12,918.338 shares (Direct, null);
Class A Common Stock — 9,541 shares (Direct, null);
Class A Common Stock — 278 shares (Indirect, By ROTH IRA for Self)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. Acquired under dividend reinvestment for 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.
Key Figures
New share credits: 74 share credits
Price per share credit: $253.85
Total deferred share credits: 12,918.338 share credits
+2 more
5 metrics
New share credits
74 share credits
Incentive Compensation Deferral Plan, acquired via dividend reinvestment
Price per share credit
$253.85
Dividend reinvestment price for 74 share credits
Total deferred share credits
12,918.338 share credits
Balance after transaction in Incentive Compensation Deferral Plan
Direct Class A holdings
9,541 shares
Class A common stock held directly after reported update
Indirect Roth IRA holdings
278 shares
Class A common stock held indirectly via Roth IRA
Key Terms
Incentive Compensation Deferral Plan Share Credits, dividend reinvestment, Class A Common Stock, ROTH IRA, +1 more
5 terms
dividend reinvestment financial
"Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral 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.
Class A Common Stock financial
"security_title: "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.
ROTH IRA financial
"nature_of_ownership: "By ROTH IRA for Self""
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.
FAQ
What did Erie Indemnity (ERIE) CEO Timothy Necastro report in this Form 4?
Timothy G. Necastro reported updated holdings in Erie Indemnity Class A common stock and deferred share credits. The filing mainly reflects routine dividend reinvestment and updated balances, with no open‑market purchases or sales of shares disclosed in the reported transactions.
Were there any open-market stock purchases or sales by ERIE’s CEO in this filing?
No open‑market purchases or sales are shown. The only transactional entry is an “other” type involving 74 share credits acquired via dividend reinvestment under the Incentive Compensation Deferral Plan, plus updated totals for directly and indirectly held Class A common shares.