Erie Indemnity director adds deferred share credits
Erie Indemnity Company director Salvatore Correnti was credited with 20.611 Directors' Deferred Compensation Share Credits on July 21, 2026 under a dividend reinvestment feature of the Directors' Deferred Compensation Plan.
Rhea-AI Filing Summary
Erie Indemnity Company director Salvatore Correnti was credited with 20.611 Directors' Deferred Compensation Share Credits on July 21, 2026 under a dividend reinvestment feature of the Directors' Deferred Compensation Plan. These Share Credits represent the right to receive an equal number of Class A common shares when his board service ends and have no exercise or expiration dates. After this credit, he holds 2,802.147 Share Credits and 320 Class A common shares directly.
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Insider Trade Summary
Other: 20.611 shares
Other
2 txns
Insider
Correnti Salvatore
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F1, F2, F3 | 20.611 | $215.82 | $4K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 2,802.147 contracts (Direct);
Class A Common Stock — 320 shares (Direct)
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.
Key Figures
Deferred share credits acquired: 20.611 shares
Deferred share credits balance: 2,802.147 shares
Class A common shares held: 320 shares
3 metrics
Deferred share credits acquired
20.611 shares
Directors' Deferred Compensation Share Credits credited on July 21, 2026
Deferred share credits balance
2,802.147 shares
Total Directors' Deferred Compensation Share Credits following transaction
Class A common shares held
320 shares
Direct holdings of Class A common stock following transaction
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Stock Plan, dividend reinvestment, Class A common stock
4 terms
Outside Directors' Stock Plan financial
"credited to the accounts of certain Directors pursuant to its Outside Directors' Stock Plan"
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Class A common stock financial
"right to receive an equivalent number of shares of Erie Indemnity Company 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Erie (ERIE) report for director Salvatore Correnti?
Erie reported that director Salvatore Correnti was credited with 20.611 Directors' Deferred Compensation Share Credits on July 21, 2026. The credits arose under a dividend reinvestment feature of the Directors' Deferred Compensation Plan and are tied to Class A common stock.
What are Salvatore Correnti's holdings after this ERIE insider transaction?
After the reported transaction, Salvatore Correnti holds 2,802.147 Directors' Deferred Compensation Share Credits and 320 Erie Indemnity Class A common shares directly. The Share Credits will be settled in an equivalent number of Class A shares when his board service concludes.
Was the ERIE director's Form 4 transaction part of a dividend reinvestment arrangement?
Yes. A footnote states the 20.611 Directors' Deferred Compensation Share Credits were acquired under dividend reinvestment for the Directors' Deferred Compensation Plan. This indicates the crediting was plan-based rather than an open-market purchase of Erie Indemnity shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
