Erie Indemnity (ERIE) EVP adds Class A shares via 401(k) plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company executive Cody Cook, an Executive Vice President, reported a participant-directed transaction in the company’s Class A common stock under a 401(k) plan. On 01/31/2026, 6.93 shares were acquired at a price of $283.01 per share.
Following this transaction, Cook beneficially owned 1,115.945 shares of Class A common stock directly. He also held 1,276.289 Incentive Compensation Deferral Plan Share Credits, which represent the right to receive an equivalent number of Class A shares upon retirement or other separation from the company, with no exercisable 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 | 6.93 | $283.01 | $2K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,115.945 shares (Direct);
Incentive Compensation Deferral Plan Share Credits — 1,276.289 shares (Direct)
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.
FAQ
What insider transaction did Cody Cook report at Erie Indemnity (ERIE)?
Cody Cook reported acquiring 6.93 shares of Erie Indemnity Class A common stock through a participant-directed 401(k) plan transaction at a price of $283.01 per share on 01/31/2026, modestly increasing his directly held share balance.
Does Cody Cook’s Erie Indemnity Form 4 involve derivative securities?
Yes. The filing lists Incentive Compensation Deferral Plan Share Credits as derivative securities. These credits entitle Cody Cook to receive an equivalent number of Erie Indemnity Class A shares upon retirement or separation, and they do not have exercisable or expiration dates specified in the plan description.
What does transaction code J mean in Cody Cook’s Erie Indemnity filing?
In this context, transaction code J is identified in the footnotes as a participant-directed transaction under a 401(k) plan. It indicates the shares were acquired within a retirement plan rather than through an open-market purchase or stock option exercise.
Is Cody Cook considered an officer or director of Erie Indemnity in this Form 4?
Cody Cook is identified as an officer of Erie Indemnity, serving as an Executive Vice President. The filing does not mark him as a director or 10% owner, clarifying his role as an executive insider rather than a controlling shareholder or board member.