Insider Update: ERIE Executive VP Reports Minor Share Credit Accrual
Rhea-AI Filing Summary
Form 4 filing for Erie Indemnity Co. (ERIE) discloses routine insider activity by Executive Vice President Cody Cook on 07/22/2025.
- Derivative securities: 4.722 Incentive Compensation Deferral Plan Share Credits were acquired (Transaction Code J) via dividend reinvestment. These credits give the right to receive an equal number of Class A shares upon retirement or separation. Cook now holds 1,264.359 share-credit equivalents.
- Non-derivative holdings: Cook reports 1,082.176 Class A shares held directly; no acquisition or sale code is listed, implying no change to direct holdings in this filing.
No option exercises, sales, or purchases of market-traded shares occurred. The reported transaction is administrative in nature and represents a de minimis addition relative to ERIE’s share count.
Positive
- Executive VP increased derivative holdings by 4.722 share credits through dividend reinvestment, reflecting continued participation in long-term compensation plans.
Negative
- None.
Insights
TL;DR: Minor deferred-comp share credit accrual; negligible market impact.
The filing reflects a standard quarterly dividend reinvestment under ERIE’s Incentive Compensation Deferral Plan. Only 4.722 share credits were added, lifting total deferred holdings to 1,264.359. Direct ownership remains at 1,082.176 shares with no buy/sell code, indicating no open-market activity. Such small increments neither alter insider ownership meaningfully nor signal a directional view on valuation. Impact on float and sentiment is therefore immaterial.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 4.722 | $364.10 | $2K |
| holding | Class A Common Stock | -- | -- | -- |
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.