Erie Indemnity (ERIE) director accrues dividend-based deferred share credits
Filing Impact
Filing Sentiment
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 Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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.
Key Figures
New deferred share credits: 15.933 share credits
Reference price per share credit: $253.85 per share
Total deferred share credits: 2,781.536 share credits
+1 more
4 metrics
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
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, dividend reinvestment, Outside Directors' Stock Plan, +1 more
5 terms
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"
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.
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.