Erie Indemnity (ERIE) SVP Novacek gains 4.091 deferred share credits
Rhea-AI Filing Summary
Erie Indemnity Company executive updates deferred share credits
Erie Indemnity Company officer Jorie L. Novacek, SVP and Controller, reported a routine Form 4 transaction involving the company’s Incentive Compensation Deferral Plan. On 01/21/2026, Novacek acquired 4.091 Incentive Compensation Deferral Plan Share Credits at a reference value of $279.9 per share through dividend reinvestment under the plan. These share credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when the executive retires or otherwise leaves the company. Following this transaction, Novacek held a total of 787.168 such share credits, all reported as directly owned, and the plan securities do not have set exercise or expiration dates.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 4.091 | $279.90 | $1K |
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. Acquired under dividend reinvestment for 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
Who is the insider in this Erie (ERIE) Form 4 filing?
The insider is Jorie L. Novacek, who serves as Senior Vice President and Controller of Erie Indemnity Company.
What type of securities did Jorie Novacek report in this ERIE Form 4?
Novacek reported Incentive Compensation Deferral Plan Share Credits, which are book-entry credits tied to Erie Indemnity Class A common stock.