Erie Indemnity VP logs routine 401(k) share credit in Form 4

Rhea-AI Filing Summary

ERIE | Form 4 filed 08/01/2025 (transaction 07/31/2025)

Executive Vice President Sarah Shine recorded an automatic, compensation-related acquisition of 6.245 Class A shares of Erie Indemnity Company at $356.24 each (Code J – 401(k) plan). Her directly held stake rises to 499.072 shares; at the filing price the position is worth roughly $178 k. In addition, Shine holds 2,653.329 share credits in the Incentive Compensation Deferral Plan, representing the right to receive an equal number of shares upon retirement or separation. No open-market trades, option exercises, or sales were reported, and no change in control or board composition is implied. The filing reflects routine, non-material insider activity and offers limited insight into near-term corporate outlook.

Insights

Sell-Side Financial Analyst

TL;DR: Routine 401(k) share credit; negligible valuation impact.

The 6-share acquisition adds less than 1% to Shine’s already small holding and is part of automatic plan funding. With market value under $3 k, it neither signals insider conviction nor affects float. The larger 2,653 share-credit balance is deferred compensation, not an executable derivative. From an equity-valuation standpoint, the disclosure is immaterial; no revisions to forecasts or target price warranted.

Corporate Governance Specialist

TL;DR: Standard plan transaction, governance neutral.

Code J indicates employer-sponsored benefit activity, not discretionary trading. Shine continues to report under Section 16, affirming transparency. Ownership alignment is marginally higher but still de minimis relative to ERIE’s ~46 m Class A shares outstanding. Governance posture unchanged; no red flags or favorable signals derived.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shine Sarah

(Last) (First) (Middle)

100 ERIE INSURANCE PLACE

(Street)

ERIE PA 16530

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/31/2025		J(1)		6.245	A	$356.24	499.072	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Compensation Deferral Plan Share Credits	(2)							(3)	(3)	Class A Common Stock	2,653.329		2,653.329	D

Explanation of Responses:

1. Participant directed transaction under 401(k) Plan.

2. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.

3. 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.

Remarks:

	Rebecca A. Buona, Power of Attorney	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Erie Indemnity (ERIE) Executive VP Sarah Shine buy on 07/31/2025?

6.245 shares of ERIE Class A common stock were automatically acquired through the company’s 401(k) plan at $356.24 per share.

How many Erie Indemnity shares does Sarah Shine now own directly?

After the transaction, Shine directly owns 499.072 Class A shares.

What does transaction code "J" mean in this Form 4 for ERIE?

Code J denotes other non-open-market transactions, here reflecting 401(k) plan share allocations.

Were any derivative securities reported in the filing?

Yes. Shine holds 2,653.329 share credits in the Incentive Compensation Deferral Plan, convertible 1-for-1 into Class A shares upon separation.

Does the Form 4 suggest insider sentiment about ERIE’s stock price?

Not materially; the acquisition was automatic and routine, offering little insight into discretionary insider views.