Erie Indemnity (ERIE) director logs 39.474 deferred share credits in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company director Salvatore Correnti reported an automatic grant of deferred equity under the company’s director compensation programs. On January 31, 2026, he acquired 39.474 Directors' Deferred Compensation Share Credits at a reference value of $283.01 per share credit.
These share credits are issued under Erie Indemnity’s Outside Directors' Deferred Compensation and Stock Plans and represent the right to receive an equivalent number of Class A common shares when his board service ends, with no set exercise or expiration dates. Following this transaction, Correnti held 2,726.128 deferred share credits and 320 shares of Erie Indemnity Class A common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Correnti Salvatore
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 39.474 | $283.01 | $11K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 2,726.128 shares (Direct);
Class A Common Stock — 320 shares (Direct)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under Directors' Deferred Compensation Plan. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock 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's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.
FAQ
What insider transaction did ERIE director Salvatore Correnti report?
Director Salvatore Correnti reported receiving 39.474 Directors' Deferred Compensation Share Credits on January 31, 2026. These credits are part of Erie Indemnity’s Outside Directors’ deferred compensation arrangements and convert into Class A common stock when his board service ends, rather than through traditional option exercises.
Did Correnti buy or sell Erie Indemnity Class A common stock in this Form 4?
The Form 4 does not show an open-market buy or sell of Class A common stock. It reports 39.474 deferred share credits acquired under a director compensation plan and lists a direct holding of 320 Class A shares after the transaction as a baseline ownership figure.
What does the $283.01 value mean in Correnti’s ERIE Form 4 filing?
The filing shows a value of $283.01 per Directors' Deferred Compensation Share Credit for the 39.474 credits acquired. This figure reflects the reference price used for the grant under the compensation plan, rather than a cash purchase in the open market by the director.