Erie Indemnity (ERIE) director adds deferred share credits, details holdings
Rhea-AI Filing Summary
Erie Indemnity Company director Thomas B. Hagen reported a routine update to his equity-based compensation and holdings. On January 21, 2026, he acquired 74.737 Directors' Deferred Compensation Share Credits tied to Erie Indemnity Class A common stock at $279.9 per share, through dividend reinvestment under the Outside Directors' Deferred Compensation Plan. Following this, he held 14,299.307 such share credits, which represent the right to receive an equivalent number of Class A shares when his board service ends. The filing also lists substantial indirect holdings of Class A and Class B common stock through an irrevocable trust, the Estate of Susan H. Hagen, and the Hagen family limited partnership, with the reporting person noting that he disclaims beneficial ownership beyond his pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 74.737 | $279.90 | $21K |
| 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 | -- | -- | -- |
Footnotes (1)
- These shares were owned by Erie Indemnity Company director and reporting person, Susan Hirt Hagen who died 6/15/15. By operation of law, her 6,658,800 Class A shares and 12 Class B shares held in a revocable trust passed to an irrevocable trust of which this reporting person became co-trustee, sharing voting and investment powers. The 12,230 Class A shares from Mrs. Hagen's Directors' Deferred Compensation Plan account were subsequently transferred by the Company to her estate for which this reporting person is co-executor, sharing voting and investment powers. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose. These shares are held by the Hagen FLP of which the reporting person is a Limited Partner and the General Partner with the sole powers of investment and voting. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan. 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. 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.
FAQ
What insider transaction did ERIE director Thomas B. Hagen report?
Thomas B. Hagen reported acquiring 74.737 Directors' Deferred Compensation Share Credits on January 21, 2026, linked to Erie Indemnity Class A common stock, through dividend reinvestment under the Outside Directors' Deferred Compensation Plan.
What is the conversion feature of ERIE Class B common stock mentioned in the filing?
The filing notes that Erie Indemnity Class B common stock is convertible at any time into Class A common stock at a rate of 2,400 Class A shares for each Class B share, with no exercise or expiration dates and no specific exercise price.