Erie Indemnity (ERIE) director logs 39.474 deferred share credits in Form 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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 39.474 | $283.01 | $11K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F2. Acquired under Directors' Deferred Compensation Plan.
- F3. 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?
Did Correnti buy or sell Erie Indemnity Class A common stock in this Form 4?
What does the $283.01 value mean in Correnti’s ERIE Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.