Erie Indemnity director adds deferred share credits
Rhea-AI Filing Summary
Erie Indemnity Company director Hagen Jonathan Hirt acquired 116.921 Directors' Deferred Compensation Share Credits on July 21, 2026 through dividend reinvestment under the Outside Directors' Deferred Compensation Plan, increasing his deferred share-credit balance to 17,110.739 tied to Class A common stock.
He also holds direct and indirect positions in Class A and Class B Common Stock, with Class B convertible into Class A at 2,400 shares of Class A for each Class B share. Certain shares held by family members are reported with beneficial ownership disclaimed, and the transaction was not indicated as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 116.921 shares
Other
8 txns
Insider
Hagen Jonathan Hirt
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F2, F3, F4 | 116.921 | $215.82 | $25K |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 17,110.739 contracts (Direct);
Class B Common Stock — 2,400 contracts (Direct);
Class B Common Stock — 1,404,000 contracts (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#1));
Class B Common Stock — 1,404,000 contracts (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#2));
Class B Common Stock — 2,808,000 contracts (Indirect, Primary Beneficiary & Co-Trustee, Trust);
Class A Common Stock — 223,130 shares (Direct);
Class A Common Stock — 200 shares (Indirect, By Daughter);
Class A Common Stock — 200 shares (Indirect, By Son)
Footnotes (5)
- F1. Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F2. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F3. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F4. 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.
- F5. 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.
Key Figures
Deferred share credits acquired: 116.921 shares
Total deferred share credits: 17110.739 shares
Direct Class A holdings: 223130 shares
+5 more
8 metrics
Deferred share credits acquired
116.921 shares
Directors' Deferred Compensation Share Credits acquired on 2026-07-21 via dividend reinvestment
Total deferred share credits
17110.739 shares
Share Credits tied to Class A Common Stock after the reported acquisition
Direct Class A holdings
223130 shares
Erie Indemnity Class A Common Stock held directly following the transactions
Class B conversion rate
2400 Class A per Class B share
Conversion feature for Erie Indemnity Class B Common Stock
Direct Class B underlying shares
2400 shares
Class A shares underlying a direct Class B Common Stock position
Indirect trust underlying shares (#1)
1404000 shares
Class A shares underlying one indirect Class B trust position
Indirect trust underlying shares (#2)
1404000 shares
Class A shares underlying a second indirect Class B trust position
Primary beneficiary trust underlying shares
2808000 shares
Class A shares underlying a primary beneficiary indirect Class B trust position
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Stock Plan, Class B Common Stock, conversion rate, +1 more
5 terms
Outside Directors' Stock Plan financial
"credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan"
Class B Common Stock financial
"shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
conversion rate financial
"convertible at any time to shares of Class A Common Stock at a conversion rate of 2,400 shares"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hagen Jonathan Hirt report in the latest ERIE Form 4?
Hagen Jonathan Hirt reported acquiring 116.921 Directors' Deferred Compensation Share Credits on July 21, 2026 via dividend reinvestment, increasing his deferred balance to 17,110.739 share credits tied to Erie Indemnity Class A common stock.
What are Hagen Jonathan Hirt's direct Class A holdings in ERIE after this filing?
The filing lists 223,130 shares of Erie Indemnity Class A Common Stock held directly by Hagen Jonathan Hirt, in addition to his deferred compensation Share Credits and various indirect and trust-related positions.
How is ERIE Class B Common Stock convertible into Class A for Hagen's holdings?
Erie Indemnity Class B Common Stock is convertible into Class A Common Stock at 2,400 Class A shares for each Class B share. Several of Hagen’s reported positions involve Class B stock with this conversion feature and no exercise or expiration dates.
Was the ERIE Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as applicable, and there is no footnote stating the acquisition was made pursuant to a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
