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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 6.799 | $279.90 | $2K |
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.
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.
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.