Erie Indemnity (ERIE) Form 4: 39.474 share credits acquired
Erie Indemnity (ERIE) reported an insider Form 4 showing a Director and 10% Owner acquired 39.474 Directors' Deferred Compensation Share Credits on 10/31/2025 at $0.
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Rhea-AI Filing Summary
Erie Indemnity (ERIE) reported an insider Form 4 showing a Director and 10% Owner acquired 39.474 Directors' Deferred Compensation Share Credits on 10/31/2025 at $0. These credits entitle the holder to receive the same number of Class A common shares when board service ends and have no exercise or expiration dates.
Following the transaction, the insider directly held 14,224.565 share credits and owned Class A stock in multiple capacities, including 69,716 shares (direct) and indirect holdings such as 3,000,000 shares via VEIC Limited Partnership and 324,300 shares via a trust. The filing also notes Class B shares are convertible into Class A at a ratio of 2,400:1.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Directors' Deferred Compensation Share Credits | 39.474 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors (the "Plan").
- F2. 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.
- F3. Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
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