Erie Indemnity (ERIE) CFO reports 401(k) move and deferral share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company executive vice president and CFO Julie Marie Pelkowski reported a small plan-related transaction involving 2.349 shares of Class A common stock at $269.44 per share. Her directly held Class A common stock position totaled 660.265 shares after this transaction.
She also reported 1,795.968 Share Credits under Erie Indemnity Company’s Incentive Compensation Deferral Plan. These Share Credits give her the right to receive an equal number of Class A common shares when she retires or otherwise leaves the company, with no exercisable or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pelkowski Julie Marie
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 2.349 | $269.44 | $632.91 |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 660.265 shares (Direct);
Incentive Compensation Deferral Plan Share Credits — 1,795.968 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 activity did Erie Indemnity (ERIE) report for Julie Marie Pelkowski?
Erie Indemnity EVP and CFO Julie Marie Pelkowski reported a small, plan-related transaction involving 2.349 shares of Class A common stock. The transaction was coded as an “other acquisition or disposition,” reflecting a participant-directed move under the company’s 401(k) Plan rather than a traditional market buy or sell.
Does the Erie Indemnity Form 4 show option exercises or expiration dates?
The Form 4 does not report option exercises; it reports Share Credits and a small 401(k)-related share transaction. The Share Credits under the Incentive Compensation Deferral Plan have no exercisable or expiration dates, instead converting into Class A common stock when the executive retires or leaves the company.