Erie Indemnity director Hagen acquires 65 share rights
A director's 65 Share Credits represent a right to receive an equivalent number of Class A shares when director service ends.
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Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Co. (ERIE) director Jonathan Hirt Hagen acquired 65 Directors' Deferred Compensation Share Credits on October 31, 2026 under the Directors' Deferred Compensation Plan; no Rule 10b5-1 plan is reported. The credits represent the right to receive an equivalent number of Class A common shares when his director service ends. His reported post-transaction balance was 17,344.037 Share Credits.
Insider Trade Summary
Other: 65 shares
Other
1 txn
Insider
Hagen Jonathan Hirt
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F2, F3, F4 | 65 | $261.39 | $17K |
| Holding | Class B Common Stock F5 | -- | -- | -- |
| Holding | Class B Common Stock F5 | -- | -- | -- |
| Holding | Class B Common Stock F5 | -- | -- | -- |
| Holding | Class B Common Stock F5 | -- | -- | -- |
| Holding | Class A Common Stock | -- | -- | -- |
| Holding | Class A Common Stock F1 | -- | -- | -- |
| Holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 17,344.037 contracts (Direct);
Class B Common Stock — 1 contracts for 2,400 underlying shares (Direct);
Class B Common Stock — 585 contracts for 1,404,000 underlying shares (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#1));
Class B Common Stock — 585 contracts for 1,404,000 underlying shares (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#2));
Class B Common Stock — 1,170 contracts for 2,808,000 underlying shares (Indirect, Primary Beneficiary & Co-Trustee, Trust);
Class A Common Stock — 223,130 shares (Direct);
Class A Common Stock — 200 shares (Indirect, By Daughter);
Class A Common Stock — 200 shares (Indirect, By Son)
Footnotes (5)
- F1. Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F2. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F3. Acquired under Directors' Deferred Compensation Plan.
- F4. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock 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's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.
- F5. Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
Key Figures
Share Credits acquired: 65 Share Credits
Share Credits after transaction: 17,344.037 Share Credits
Directly held Class A common shares: 223,130 shares
+5 more
8 metrics
Share Credits acquired
65 Share Credits
Acquired October 31, 2026 under the Directors' Deferred Compensation Plan
Share Credits after transaction
17,344.037 Share Credits
Reported direct balance following the October 31, 2026 credit
Directly held Class A common shares
223,130 shares
Reported direct holding on October 31, 2026
Directly held Class B common shares
1 share
Reported direct holding; the Class B share is convertible into Class A common shares
Class B conversion rate
2,400 Class A shares per Class B share
The articles of incorporation permit conversion at any time
Class B common shares in Trust #1
585 shares
Reported as an indirect holding; Hagen is listed as contingent beneficiary and co-trustee
Class B common shares in Trust #2
585 shares
Reported as an indirect holding; Hagen is listed as contingent beneficiary and co-trustee
Class B common shares in primary-beneficiary trust
1,170 shares
Reported as an indirect holding; Hagen is listed as primary beneficiary and co-trustee
Key Terms
Share Credits, Outside Directors' Stock Plan, conversion rate, non-voting
4 terms
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan"
conversion rate financial
"convertible at any time to shares of Class A Common Stock at a conversion rate"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
non-voting financial
"Class A Common Stock (non-voting)"
Non-voting describes a class of shares or securities that do not carry the right to vote on corporate matters like board elections or major transactions. For investors, this matters because non-voting holdings can still share in profits and price moves like regular shares, but they do not influence company decisions—think of owning a ticket to watch a game without having a say in how the team is run.
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