Erie Indemnity (ERIE) EVP reports 401(k) stock acquisition
Rhea-AI Filing Summary
Douglas Edward Smith, EVP of Erie Indemnity, reported a participant-directed acquisition of 2.5770 shares of Class A Common Stock on 2026-07-31 through the company 401(k) Plan at $242.0400 per share. Following this transaction, he holds 5172.2010 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2.577 shares
Net Buy
1 txn
Insider
Smith Douglas Edward
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1 | 2.577 | $242.04 | $623.74 |
Holdings After Transaction:
Class A Common Stock — 5,172.201 shares (Direct)
Footnotes (1)
- F1. Participant directed transaction under 401(k) Plan.
Key Figures
Shares acquired: 2.5770 shares
Price per share: $242.0400 per share
Direct holdings after transaction: 5172.2010 shares
3 metrics
Shares acquired
2.5770 shares
Class A Common Stock acquired on 2026-07-31 in a participant-directed 401(k) Plan transaction
Price per share
$242.0400 per share
Price for the 2.5770 shares acquired in the 401(k) Plan transaction
Direct holdings after transaction
5172.2010 shares
Direct ownership of Erie Indemnity Class A Common Stock following the 2026-07-31 transaction
Key Terms
Participant directed transaction, 401(k) Plan, Class A Common Stock
3 terms
Participant directed transaction financial
"Participant directed transaction under 401(k) Plan."
401(k) Plan financial
"Participant directed transaction under 401(k) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Class A Common Stock financial
"Security title reported as Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Erie Indemnity (ERIE) EVP Douglas Edward Smith report?
Erie Indemnity EVP Douglas Edward Smith reported acquiring 2.5770 shares of Class A Common Stock on 2026-07-31 via a participant-directed 401(k) Plan transaction at $242.0400 per share, as disclosed in a Form 4 filing.
How is the Erie Indemnity (ERIE) Form 4 transaction by Douglas Edward Smith classified?
The transaction is coded as J, described as an “Other acquisition or disposition,” and is further explained as a participant directed transaction under 401(k) Plan, indicating an acquisition within a retirement plan rather than an open-market trade.
Was the Erie Indemnity (ERIE) Form 4 transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (set to false). The transaction is instead identified specifically as a participant directed transaction under 401(k) Plan, with no trading-plan footnote described.