Erie Indemnity EVP logs 401(k) share movement
Erie Indemnity Company Executive Vice President Cody Cook reported an administrative share movement rather than a traditional open-market trade.
Rhea-AI Filing Summary
Erie Indemnity Company Executive Vice President Cody Cook reported an administrative share movement rather than a traditional open-market trade. A participant-directed transaction under the company 401(k) plan affected 4.935 Class A common shares at $269.44 per share, bringing his directly held Class A common stock to 1,120.880 shares.
The filing also updates his position in Incentive Compensation Deferral Plan Share Credits, which rose to 1,276.289 share credits. These credits represent the right to receive an equivalent number of Class A shares upon retirement or separation from the company and have no exercisable or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 4.935 | $269.44 | $1K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Footnotes (3)
- F1. Participant directed transaction under 401(k) Plan.
- F2. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F3. 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.
FAQ
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What insider activity did Erie Indemnity (ERIE) report for Cody Cook?
Was the Erie Indemnity Cody Cook Form 4 a buy or sell transaction?
What does the 401(k) plan reference mean in Cody Cook’s Erie Indemnity Form 4?
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