Erie Indemnity (NASDAQ: ERIE) EVP logs 6.5-share 401(k) buy, 2,678 plan credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company executive vice president Sarah Shine reported a participant-directed transaction in the company’s Class A common stock under a 401(k) plan. She acquired 6.535 shares at $283.01 per share on January 31, 2026, bringing her directly held balance to 528.196 shares.
The Form 4 also shows 2,678.365 Incentive Compensation Deferral Plan share credits. These share credits periodically accrue to select management under Erie Indemnity’s Incentive Compensation Deferral Plan and represent the right to receive an equivalent number of Class A shares upon retirement or other separation from service, with no set exercise or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shine Sarah
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 6.535 | $283.01 | $2K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 528.196 shares (Direct);
Incentive Compensation Deferral Plan Share Credits — 2,678.365 shares (Direct)
Footnotes (1)
- Participant directed transaction under 401(k) Plan. Conversion price is not applicable to shares granted under 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 executive Sarah Shine report on this Form 4?
Sarah Shine reported acquiring 6.535 shares of Erie Indemnity Class A common stock. The transaction occurred on January 31, 2026 at a price of $283.01 per share through a participant-directed 401(k) plan transaction, increasing her directly held position to 528.196 shares.
What does transaction code J mean in Sarah Shine’s ERIE Form 4 filing?
Transaction code J in this context reflects a participant-directed transaction under a 401(k) plan. The footnote explains the 6.535 Erie Indemnity Class A shares were acquired through such a plan-directed action, rather than an open-market purchase or traditional stock option exercise.