Erie Indemnity SVP adds deferred share credits
Erie Indemnity Company Senior Vice President Marc Cipriani reported routine compensation-related share activity.
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Rhea-AI Filing Summary
Erie Indemnity Company Senior Vice President Marc Cipriani reported routine compensation-related share activity. He received 12.734 Incentive Compensation Deferral Plan share credits through dividend reinvestment, each tied to Erie Indemnity Class A common stock at $253.85 per share.
After this crediting, his Incentive Compensation Deferral Plan account reflects 2,223.024 share credits, which represent the right to receive an equivalent number of Class A common shares upon retirement or separation from the company. His directly held Class A common stock position is now 15,997 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 12.734 | $253.85 | $3K |
| holding | Class A Common Stock | -- | -- | -- |
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
Key Terms
dividend reinvestment financial
Class A common stock financial
FAQ
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What did Erie Indemnity (ERIE) executive Marc Cipriani report in this Form 4?
What are Marc Cipriani’s direct Class A common stock holdings in Erie Indemnity (ERIE) after this filing?
Does the Erie Indemnity (ERIE) Form 4 show any stock option exercises or open-market trades?
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