Erie Indemnity (ERIE) director boosts deferred stock balance
Rhea-AI Filing Summary
Erie Indemnity Company director Thomas W. Palmer reported routine equity compensation activity. On January 21, 2026, he acquired 81.228 Directors' Deferred Compensation Share Credits at a reference price of $279.9 per credit under dividend reinvestment for the Directors' Deferred Compensation Plan. This increased his directly held deferred compensation share credits to 15,548.107.
These share credits are periodically credited under Erie Indemnity's Outside Directors' Stock Plan and represent the right to receive an equivalent number of Class A common shares when his board service ends, with no stated exercise or expiration dates. Separately, as of the same date, 770 shares of Erie Indemnity Class A common stock were held indirectly for his benefit through the Thomas W. Palmer Revocable Trust.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 81.228 | $279.90 | $23K |
| holding | Class A Common Stock | -- | -- | -- |
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.
FAQ
What insider activity at ERIE did Thomas W. Palmer report on this Form 4?
Does Thomas W. Palmer hold Erie Indemnity (ERIE) Class A common stock outside of deferred share credits?
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