Erie Indemnity CEO adds deferred share credits
Erie Indemnity Company reports that President & CEO Timothy G. Necastro acquired 87.5410 Incentive Compensation Deferral Plan Share Credits on July 21, 2026 through dividend reinvestment under the company’s Incentive Compensation Deferral Plan.
Rhea-AI Filing Summary
Erie Indemnity Company reports that President & CEO Timothy G. Necastro acquired 87.5410 Incentive Compensation Deferral Plan Share Credits on July 21, 2026 through dividend reinvestment under the company’s Incentive Compensation Deferral Plan. These Share Credits represent the right to receive an equivalent number of Class A common shares upon retirement or separation. Following this credit, he holds 13005.8790 Share Credits, 9541.0000 Class A shares directly, and 278.0000 shares indirectly through a ROTH IRA.
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Insider Trade Summary
Other: 87.541 shares
Other
3 txns
Insider
NECASTRO TIMOTHY G
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits F1, F2, F3 | 87.541 | $215.82 | $19K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 13,005.879 contracts (Direct);
Class A Common Stock — 9,541 shares (Direct);
Class A Common Stock — 278 shares (Indirect, By ROTH IRA for Self)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F2. Acquired under dividend reinvestment for 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.
Key Figures
Share Credits acquired: 87.5410 Share Credits
Total Share Credits after transaction: 13005.8790 Share Credits
Direct Class A common stock holdings: 9541.0000 shares
+2 more
5 metrics
Share Credits acquired
87.5410 Share Credits
Incentive Compensation Deferral Plan Share Credits acquired on July 21, 2026 via dividend reinvestment
Total Share Credits after transaction
13005.8790 Share Credits
Incentive Compensation Deferral Plan Share Credits held by CEO following the July 21, 2026 credit
Direct Class A common stock holdings
9541.0000 shares
Class A common stock directly owned by CEO after reported transactions
Indirect Class A shares via ROTH IRA
278.0000 shares
Class A common stock held indirectly by CEO through a ROTH IRA for self
Conversion or exercise price
0.0000
Conversion price not applicable to shares granted under the Incentive Compensation Deferral Plan
Key Terms
Incentive Compensation Deferral Plan Share Credits, dividend reinvestment, Share Credits, Class A common stock, +1 more
5 terms
dividend reinvestment financial
"Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation"
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
"equivalent number of shares of Erie Indemnity Company 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
"278.0000 shares indirectly through a 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 insider equity transaction did Erie Indemnity (ERIE) disclose for CEO Timothy G. Necastro?
Erie Indemnity disclosed that CEO Timothy G. Necastro acquired 87.5410 Incentive Compensation Deferral Plan Share Credits on July 21, 2026. These were credited via dividend reinvestment under the company’s Incentive Compensation Deferral Plan, rather than through an open-market stock purchase.
What are Timothy G. Necastro’s direct Class A common stock holdings in Erie Indemnity (ERIE)?
Following the reported transactions, Timothy G. Necastro directly holds 9541.0000 shares of Erie Indemnity Class A common stock. This figure is disclosed as his direct ownership position separate from deferred Share Credits and any indirect holdings through retirement accounts.
What indirect Erie Indemnity (ERIE) holdings does the CEO have through a ROTH IRA?
Timothy G. Necastro has an indirect holding of 278.0000 Erie Indemnity Class A shares through a ROTH IRA for himself. These are reported as indirect ownership and are distinct from his directly held shares and his deferred Share Credits under the company’s plan.
Does the reported Erie Indemnity (ERIE) transaction involve options or an exercise price?
No option exercise is involved; the filing notes a conversion or exercise price of 0.0000, with a footnote stating conversion price is not applicable to these plan shares. The Share Credits were acquired as dividend reinvestment, not through exercising stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
