ERIE director updates deferred share credits
ERIE Indemnity director Thomas W. Palmer reported routine updates to his holdings.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
ERIE Indemnity director Thomas W. Palmer reported routine updates to his holdings. An indirect line shows 770 Class A common shares held through the Thomas W. Palmer Revocable Trust. There was also a derivative entry for 90.032 Directors' Deferred Compensation Share Credits, acquired through dividend reinvestment under the Outside Directors' Deferred Compensation Plan.
These Share Credits represent the right to receive the same number of Class A shares when his board service ends and have no exercise or expiration dates. Following this reinvestment, Palmer holds 15,717.088 Share Credits directly. The filing reflects compensation and deferral mechanics rather than open-market buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 90.032 | $253.85 | $23K |
| 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
revocable trust financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ERIE director Thomas W. Palmer report in this Form 4 for ERIE?
AI-generated analysis. How Rhea-AI works. Not financial advice.