Erie Indemnity (ERIE) director credited 140 deferred share credits
Rhea-AI Filing Summary
Erie Indemnity Company director J. Ralph Borneman Jr. was credited with 140.139 Directors' Deferred Compensation Share Credits on July 21, 2026 through dividend reinvestment under the Outside Directors' Deferred Compensation Plan, bringing his direct deferred share-credit balance to 20,560.311. These Share Credits represent rights to receive an equivalent number of Class A common shares when his board service ends and have no exercise or expiration dates. In addition, he reports indirect ownership of 10,000 Class A common shares held in a revocable trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BORNEMAN J RALPH JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F1, F2, F3 | 140.139 | $215.82 | $30K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 20,560.311 shares (Direct);
Class A Common Stock — 10,000 shares (Indirect, J. Ralph Borneman, Jr. TTEE J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F2. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F3. 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.
Key Figures
Deferred share credits acquired: 140.1390 share credits
Deferred share credits after transaction: 20560.3110 share credits
Reference transaction price: $215.8200 per share
+1 more
4 metrics
Deferred share credits acquired
140.1390 share credits
Directors' Deferred Compensation Share Credits credited on July 21, 2026
Deferred share credits after transaction
20560.3110 share credits
Total Directors' Deferred Compensation Share Credits held directly after the July 21, 2026 entry
Reference transaction price
$215.8200 per share
Price field reported for the 140.139 Directors' Deferred Compensation Share Credits
Indirect Class A common shares
10000.0000 shares
Class A common stock held indirectly via J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, Outside Directors' Stock Plan, dividend reinvestment
4 terms
Outside Directors' Deferred Compensation Plan financial
"Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan."
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan. These Share Credits represent the right to receive"
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Erie Indemnity (ERIE) director J. Ralph Borneman Jr. report?
He reported an acquisition of 140.139 Directors' Deferred Compensation Share Credits on July 21, 2026. These credits were added to his account through dividend reinvestment under the Outside Directors' Deferred Compensation Plan rather than via an open‑market stock purchase.