Erie Indemnity director acquires deferred share credits
Erie Indemnity director J. Ralph Borneman, Jr. acquired 65 Directors' Deferred Compensation Share Credits on July 31, 2026 under the company's Directors' Deferred Compensation Plan.
Rhea-AI Filing Summary
Erie Indemnity director J. Ralph Borneman, Jr. acquired 65 Directors' Deferred Compensation Share Credits on July 31, 2026 under the company's Directors' Deferred Compensation Plan. These Share Credits are periodically credited under its Outside Directors' Stock Plan and represent the right to receive an equivalent number of Class A common shares when his board service ends, with no exercise or expiration dates.
After this crediting, he holds 20,625.311 Share Credits directly and 10,000 Class A common shares indirectly through a revocable trust.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F1, F2, F3 | 65 | $242.04 | $16K |
| 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.
Key Figures
Key Terms
Outside Directors' Stock Plan financial
Revocable Trust financial
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