Erie Indemnity (ERIE) EVP gains 6.6 deferred share credits
Rhea-AI Filing Summary
Erie Indemnity Company executive Cody Cook reported a small increase in deferred equity compensation. On
These share credits track Erie Indemnity Class A common stock and represent the right to receive an equivalent number of shares when Cook retires or otherwise leaves the company, with no set exercise or expiration dates. Separately, Cook also reported direct ownership of 1,109.015 shares of Erie Indemnity Class A common stock.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Erie Indemnity (ERIE) report for Cody Cook?
Executive Vice President Cody Cook acquired 6.634 Incentive Compensation Deferral Plan Share Credits on
How many deferred share credits does Cody Cook hold after this Form 4 for ERIE?
After the reported transaction, Cody Cook beneficially owns 1,276.289 Incentive Compensation Deferral Plan Share Credits tied to Erie Indemnity Class A common stock.
How were the new Erie Indemnity (ERIE) share credits acquired by Cody Cook?
The 6.634 additional share credits were acquired under dividend reinvestment within the Erie Indemnity Company Incentive Compensation Deferral Plan.
When can Cody Cook receive the Erie Indemnity (ERIE) shares tied to these credits?
The share credits entitle Cody Cook to receive an equivalent number of Erie Indemnity Class A common shares when he retires or otherwise separates from service with the company.
Do Cody Cook’s Erie Indemnity (ERIE) deferred share credits have an expiration date?
No. The filing states there are no exercisable or expiration dates for these Incentive Compensation Deferral Plan Share Credits.
How many Erie Indemnity (ERIE) Class A shares does Cody Cook own directly?
The Form 4 shows Cody Cook directly owns 1,109.015 shares of Erie Indemnity Class A common stock following the reported transaction.