ERIE executive (ERIE) updates 401(k) stock holding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senior Vice President, Life Anthony DaBreo reported a participant directed transaction under a 401(k) Plan involving 2.846 shares of Erie Indemnity Class A Common Stock at $251.31 per share. Following this transaction, he directly holds 1,364.553 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DaBreo Anthony
Role
Senior Vice President, Life
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 2.846 | $251.31 | $715.23 |
Holdings After Transaction:
Class A Common Stock — 1,364.553 shares (Direct)
Footnotes (1)
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Key Figures
Transaction shares: 2.846 shares
Transaction price: $251.31 per share
Post-transaction holdings: 1,364.553 shares
3 metrics
Transaction shares
2.846 shares
Participant directed 401(k) transaction on Class A Common Stock
Transaction price
$251.31 per share
Price for 2.846 Class A shares in 401(k) transaction
Post-transaction holdings
1,364.553 shares
Direct Class A Common Stock holdings after transaction
Key Terms
Participant directed transaction, 401(k) Plan, Class A Common Stock, Form 4
4 terms
Participant directed transaction financial
"Participant directed transaction under 401(k) Plan."
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
"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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did ERIE Senior Vice President Anthony DaBreo report?
Anthony DaBreo reported a participant directed 401(k) transaction involving 2.846 shares of Erie Indemnity Class A Common Stock at $251.31 per share. This reflects a routine plan-directed adjustment rather than a traditional open-market buy or sell action.
What does the transaction code J mean in the ERIE Form 4 filing?
Transaction code J in this ERIE Form 4 represents an "Other acquisition or disposition" event. In this case, it is specifically identified by a footnote as a participant directed transaction under a 401(k) Plan, not a standard market trade.
At what price did the ERIE 401(k) transaction for Anthony DaBreo occur?
The participant directed 401(k) transaction for Anthony DaBreo was reported at $251.31 per share. This price applies to the 2.846 shares of Erie Indemnity Class A Common Stock involved in the Form 4 transaction on the stated date.