Erie Indemnity director adds deferred share credits
Erie Indemnity Company director Salvatore Correnti reported routine deferred compensation activity, not an open-market trade.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 15.933 | $253.85 | $4K |
| holding | Class A Common Stock | -- | -- | -- |
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
Key Terms
Outside Directors' Deferred Compensation Plan financial
dividend reinvestment financial
Outside Directors' Stock Plan financial
FAQ
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What did Erie Indemnity (ERIE) director Salvatore Correnti report in this Form 4?
Did Correnti buy or sell Erie Indemnity (ERIE) stock on the open market?
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