Erie Indemnity director Hagen acquires 65 share rights
The share credits represent a right to receive equivalent Class A shares when Thomas B. Hagen's service as a director ends.
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Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company director Thomas B. Hagen acquired 65 Directors' Deferred Compensation Share Credits on October 31, 2026, under the Directors' Deferred Compensation Plan. The credits represent a right to receive an equivalent number of Class A common shares when his service as a director ends. His reported balance after the acquisition was 14,779 share credits.
Insider Trade Summary
Other: 65 shares
Other
1 txn
Insider
Hagen Thomas B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F3, F4, F5 | 65 | $261.39 | $17K |
| Holding | Class B Common Stock F6, F1 | -- | -- | -- |
| Holding | Class B Common Stock F6 | -- | -- | -- |
| Holding | Class B Common Stock F6, F2 | -- | -- | -- |
| Holding | Class A Common Stock | -- | -- | -- |
| Holding | Class A Common Stock F1 | -- | -- | -- |
| Holding | Class A Common Stock F2 | -- | -- | -- |
| Holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 14,778.986 contracts (Direct);
Class B Common Stock — 12 contracts for 28,800 underlying shares (Indirect, Susan Hagen Non-Exempt Marital Irrev);
Class B Common Stock — 4 contracts for 9,600 underlying shares (Direct);
Class B Common Stock — 173 contracts for 415,200 underlying shares (Indirect, Family L.P.);
Class A Common Stock — 5,100 shares (Direct);
Class A Common Stock — 6,658,800 shares (Indirect, Susan H. Hagen Non-Exempt Marital Irrev Trust);
Class A Common Stock — 10,086,059 shares (Indirect, Family L.P.);
Class A Common Stock — 12,230 shares (Indirect, Estate of Susan H. Hagen)
Footnotes (6)
- F1. These shares were owned by Erie Indemnity Company director and reporting person, Susan Hirt Hagen who died 6/15/15. By operation of law, her 6,658,800 Class A shares and 12 Class B shares held in a revocable trust passed to an irrevocable trust of which this reporting person became co-trustee, sharing voting and investment powers. The 12,230 Class A shares from Mrs. Hagen's Directors' Deferred Compensation Plan account were subsequently transferred by the Company to her estate for which this reporting person is co-executor, sharing voting and investment powers. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- F2. These shares are held by the Hagen FLP of which the reporting person is a Limited Partner and the General Partner with the sole powers of investment and voting. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- F3. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F4. Acquired under Directors' Deferred Compensation Plan.
- F5. 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.
- F6. Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
Key Figures
Share credits acquired: 65 share credits
Share-credit balance after acquisition: 14,779 share credits
Direct Class A Common Stock holdings: 5,100 shares
+1 more
4 metrics
Share credits acquired
65 share credits
October 31, 2026
Share-credit balance after acquisition
14,779 share credits
Direct position after the October 31, 2026 acquisition
Direct Class A Common Stock holdings
5,100 shares
Reported October 31, 2026
Class B conversion rate
2,400 Class A shares for each Class B share
Conversion provision in the Articles of Incorporation
Key Terms
Share Credits, conversion rate, pecuniary interest
3 terms
conversion rate technical
"at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
pecuniary interest regulatory
"except to the extent of his pecuniary interest therein"
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