Erie Indemnity (ERIE) CIO gains dividend-based deferred share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company executive vice president and chief information officer Srinivasa Parthasarathy reported an internal plan adjustment involving share-based compensation. The filing shows 11.077 Incentive Compensation Deferral Plan Share Credits added on April 21, 2026 through dividend reinvestment at a reference price of $253.85 per credit.
These Share Credits correspond to an equivalent number of Class A common shares that can be delivered when the executive retires or otherwise leaves the company. Following this transaction, the account holds a total of 1,933.792 Share Credits under the Incentive Compensation Deferral Plan, which has no stated exercise or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Srinivasa Parthasarathy
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 11.077 | $253.85 | $3K |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 1,933.792 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: 11.077 Share Credits
Reference Price per Credit: $253.85 per Share Credit
Total Share Credits After Transaction: 1,933.792 Share Credits
3 metrics
New Share Credits
11.077 Share Credits
Incentive Compensation Deferral Plan addition on April 21, 2026
Reference Price per Credit
$253.85 per Share Credit
Dividend reinvestment value for new Share Credits
Total Share Credits After Transaction
1,933.792 Share Credits
Deferred compensation balance after reported Form 4 transaction
Key Terms
Incentive Compensation Deferral Plan, Share Credits, dividend reinvestment, Class A common stock
4 terms
Incentive Compensation Deferral Plan financial
"shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan"
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
"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 insider transaction did ERIE Indemnity report for Srinivasa Parthasarathy?
Erie Indemnity reported that EVP and CIO Srinivasa Parthasarathy received 11.077 Incentive Compensation Deferral Plan Share Credits. These were added through dividend reinvestment and increase his deferred share-based compensation balance rather than reflecting an open-market stock trade.
Was there a market buy or sell of ERIE stock in this Form 4 filing?
The Form 4 describes an internal plan transaction classified as “Other acquisition or disposition,” not an open-market buy or sell. Share Credits were added under dividend reinvestment within the Incentive Compensation Deferral Plan, rather than through public stock market trading.