STOCK TITAN

Erie Indemnity (ERIE) director accrues dividend-based deferred share credits

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Erie Indemnity Company director Salvatore Correnti reported routine deferred compensation activity, not an open-market trade. On April 21, 2026, he received 15.933 Directors' Deferred Compensation Share Credits linked to Class A common stock through dividend reinvestment under the Directors' Deferred Compensation Plan at a reference value of $253.85 per share.

After this credit, Correnti holds 2,781.536 deferred share credits, each representing a right to receive one Class A share when his board service ends, with no exercise or expiration dates. He also directly holds 320 Class A common shares. The filing reflects compensation-related accruals rather than a discretionary buy or sell decision.

Positive

  • None.

Negative

  • None.
Insider Correnti Salvatore
Role null
Type Security Shares Price Value
Other Directors' Deferred Compensation Share Credits 15.933 $253.85 $4K
holding Class A Common Stock -- -- --
Holdings After Transaction: Directors' Deferred Compensation Share Credits — 2,781.536 shares (Direct, null); Class A Common Stock — 320 shares (Direct, null)
Footnotes (1)
  1. 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.
New deferred share credits 15.933 share credits Dividend reinvestment on April 21, 2026
Reference price per share credit $253.85 per share Deferred compensation share credits value
Total deferred share credits 2,781.536 share credits Balance after April 21, 2026 transaction
Direct Class A shares 320 shares Direct ownership following reported transactions
Directors' Deferred Compensation Share Credits financial
"Directors' Deferred Compensation Share Credits"
Outside Directors' Deferred Compensation Plan financial
"shares granted under the Outside Directors' Deferred Compensation 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.
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan"
Share Credits financial
"These Share Credits represent the right to receive an equivalent number of shares"
SEC Form 4
FORM 4UNITED 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*
Correnti Salvatore

(Last)(First)(Middle)
114 OLYMPUS WAY

(Street)
JUPITER FLORIDA 33477

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock320D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Directors' Deferred Compensation Share Credits$0(1)04/21/2026J(2)15.933 (3) (3)Class A Common Stock15.933$253.852,781.536D
Explanation of Responses:
1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
2. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
3. 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.
Remarks:
Rebecca A. Buona, Power of Attorney04/22/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Erie Indemnity (ERIE) director Salvatore Correnti report in this Form 4?

He reported a routine compensation-related entry, receiving 15.933 Directors' Deferred Compensation Share Credits via dividend reinvestment. These credits are tied to Erie Indemnity Class A shares and are not an open-market stock purchase or sale.

How many Erie Indemnity deferred share credits does Correnti hold after this filing?

After the dividend reinvestment, Correnti holds 2,781.536 Directors' Deferred Compensation Share Credits. Each credit represents the right to receive one Erie Indemnity Class A share when his board service ends, with no set exercise or expiration dates.

Did Correnti buy or sell Erie Indemnity (ERIE) stock on the open market?

No, the Form 4 does not show any open-market buy or sell. It records additional deferred compensation share credits acquired through dividend reinvestment under the Directors' Deferred Compensation Plan, a non-market compensation mechanism for outside directors.

What are Directors' Deferred Compensation Share Credits at Erie Indemnity?

They are bookkeeping entries that track a director’s right to future Class A shares. Credits are periodically added, including through dividend reinvestment, under the Outside Directors' Stock Plan and become deliverable as Class A common stock when a director’s service ends.

How many Erie Indemnity Class A shares does Correnti directly own after this report?

The filing shows Correnti directly owns 320 shares of Erie Indemnity Class A common stock. This direct holding is separate from his 2,781.536 deferred compensation share credits, which are rights to receive additional shares in the future.