Erie Indemnity (ERIE) EVP logs 401(k) and deferral share changes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company executive Cody Cook reported routine plan-related share activity. The filing shows a participant-directed transaction under a 401(k) plan involving 9.487 shares of Class A common stock at $218.93 per share, leaving 1,136.271 shares of common stock held directly.
Cook also holds Incentive Compensation Deferral Plan Share Credits tied to 1,283.642 underlying Class A common shares. These share credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares upon retirement or other separation from service, with no stated exercise or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cook Cody
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 9.487 | $218.93 | $2K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,136.271 shares (Direct, null);
Incentive Compensation Deferral Plan Share Credits — 1,283.642 shares (Direct, null)
Footnotes (1)
- Participant directed transaction under 401(k) Plan. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of a select group of management and highly compensated employees of Erie Indemnity Company pursuant to its Incentive Compensation Deferral 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 retires or otherwise separates from service with the Company. There are no exercisable or expiration dates for these securities.
Key Figures
401(k) transaction shares: 9.487 shares
Transaction price per share: $218.93 per share
Shares after transaction: 1,136.271 shares
+2 more
5 metrics
401(k) transaction shares
9.487 shares
Participant-directed 401(k) transaction on Class A common stock
Transaction price per share
$218.93 per share
Price for 9.487 Class A shares in plan transaction
Shares after transaction
1,136.271 shares
Direct ERIE Class A common stock holdings after Form 4 transaction
Deferral plan underlying shares
1,283.642 shares
Underlying Class A shares for Incentive Compensation Deferral Plan Share Credits
Restructuring shares
9.487 shares
Shares classified as restructuring-type transaction (code J)
Key Terms
Incentive Compensation Deferral Plan Share Credits, 401(k) Plan, Class A Common Stock, Incentive Compensation Deferral Plan, +1 more
5 terms
401(k) Plan financial
"Participant directed transaction under 401(k) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Incentive Compensation Deferral Plan financial
"Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan."
FAQ
What insider activity did ERIE executive Cody Cook report on this Form 4?
Cody Cook reported routine plan-related activity, not an open-market trade. A participant-directed 401(k) transaction involved 9.487 Class A common shares at $218.93, and he now holds 1,136.271 Class A shares directly after the transaction.
Was Cody Cook’s ERIE Form 4 transaction an open-market buy or sell?
The filing does not show an open-market buy or sell. The 9.487-share transaction is coded as “other” and described as a participant-directed transaction under a 401(k) plan, indicating internal plan activity rather than discretionary market trading.