Erie Indemnity (ERIE) SVP boosts deferred share credits via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cipriani Marc
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 12.734 | $253.85 | $3K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 2,223.024 shares (Direct, null);
Class A Common Stock — 15,997 shares (Direct, null)
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: 12.734 share credits
Price per share credit: $253.85 per share
Total deferred share credits: 2,223.024 share credits
+1 more
4 metrics
New share credits
12.734 share credits
Incentive Compensation Deferral Plan credited via dividend reinvestment
Price per share credit
$253.85 per share
Reference price for plan share credits tied to Class A stock
Total deferred share credits
2,223.024 share credits
Plan balance after the reported dividend reinvestment transaction
Direct Class A shares
15,997 shares
Directly held Erie Indemnity Class A common stock after transaction
Key Terms
Incentive Compensation Deferral Plan Share Credits, dividend reinvestment, Class A common stock, share credits
4 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
"These Share Credits represent the right to receive an 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.
FAQ
What did Erie Indemnity (ERIE) executive Marc Cipriani report in this Form 4?
Marc Cipriani reported receiving 12.734 Incentive Compensation Deferral Plan share credits via dividend reinvestment. These credits are linked to Erie Indemnity Class A common stock and increase his deferred share balance, while also updating his directly held Class A share total.
What are Marc Cipriani’s direct Class A common stock holdings in Erie Indemnity (ERIE) after this filing?
Following the reported activity, Marc Cipriani directly holds 15,997 shares of Erie Indemnity Class A common stock. This figure reflects his direct ownership position separate from the Incentive Compensation Deferral Plan share credits reported in the same Form 4 filing.
Does the Erie Indemnity (ERIE) Form 4 show any stock option exercises or open-market trades?
The Form 4 does not report any stock option exercises or open-market purchases or sales. It records dividend reinvestment into Incentive Compensation Deferral Plan share credits and an updated direct Class A common stock holding balance for Marc Cipriani.