Erie Indemnity EVP updates deferred share credits
ERIE INDEMNITY CO executive Brian W. Bolash, EVP, Secretary and General Counsel, reported compensation-related activity in a company deferred compensation plan rather than an open-market trade.
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Rhea-AI Filing Summary
ERIE INDEMNITY CO executive Brian W. Bolash, EVP, Secretary and General Counsel, reported compensation-related activity in a company deferred compensation plan rather than an open-market trade. He received 361.019 Incentive Compensation Deferral Plan Share Credits, tied to a Long Term Incentive Plan award, at a reference value of $227.22 per share credit.
Following this transaction, his deferred account holds 3,519.333 plan share credits, each representing the right to receive an equivalent number of Class A common shares when he retires or otherwise leaves the company. The filing also shows continued direct ownership of 445 Class A common shares, listed as a holding entry without a new purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 361.019 | $227.22 | $82K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F2. Acquired under the Erie Indemnity Company Incentive Compensation Deferral Plan from a Long Term Incentive Plan award.
- F3. 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
Key Terms
Incentive Compensation Deferral Plan financial
Long Term Incentive Plan award financial
Class A common stock financial
FAQ
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What did ERIE (ERIE) executive Brian Bolash report in this Form 4?
Were there any open-market stock purchases or sales by ERIE (ERIE) in this filing?
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