Erie Indemnity (ERIE) EVP boosts 401-style deferred share credits
Rhea-AI Filing Summary
Erie Indemnity Company executive reports additional deferred share credits
Erie Indemnity Company EVP and Chief Information Officer Srinivasa Parthasarathy reported an automatic increase in deferred share-based awards under the company’s Incentive Compensation Deferral Plan on January 21, 2026. The transaction involved 6.799 Incentive Compensation Deferral Plan Share Credits, valued at $279.9 per credit, acquired through dividend reinvestment within the plan. Following this transaction, Parthasarathy holds a total of 1,307.991 deferred share credits, each representing the right to receive an equivalent number of Erie Indemnity Class A common shares upon retirement or other separation from the company. These awards have no stated exercise or expiration dates and are held directly.
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FAQ
What insider transaction did ERIE EVP Srinivasa Parthasarathy report?
Srinivasa Parthasarathy, EVP and Chief Information Officer of Erie Indemnity Company (ERIE), reported an automatic acquisition of 6.799 Incentive Compensation Deferral Plan Share Credits on January 21, 2026 under the company’s Incentive Compensation Deferral Plan.
How were the new ERIE Incentive Compensation Deferral Plan Share Credits acquired?
The 6.799 share credits were acquired under dividend reinvestment within Erie Indemnity Company’s Incentive Compensation Deferral Plan, rather than through an open-market stock purchase or sale.
What do the ERIE share credits reported by Srinivasa Parthasarathy represent?
The reported Incentive Compensation Deferral Plan Share Credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when the executive retires or otherwise separates from service with the company.
How many ERIE deferred share credits does Srinivasa Parthasarathy hold after this transaction?
After the January 21, 2026 transaction, Srinivasa Parthasarathy beneficially owns a total of 1,307.991 Incentive Compensation Deferral Plan Share Credits, held directly.
Do the ERIE Incentive Compensation Deferral Plan Share Credits have an exercise or expiration date?
No. The filing states there are no exercisable or expiration dates for these Incentive Compensation Deferral Plan Share Credits; they are settled in Erie Indemnity Class A common stock upon retirement or separation.
What role does Srinivasa Parthasarathy hold at Erie Indemnity Company?
According to the filing, Srinivasa Parthasarathy is an Officer of Erie Indemnity Company, serving as EVP, Chief Information Officer, and is not listed as a director or 10% owner.