Erie Indemnity (ERIE) director gets 65 deferred compensation share credits
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BORNEMAN J RALPH JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F1, F2, F3 | 65 | $242.04 | $16K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 20,625.311 shares (Direct);
Class A Common Stock — 10,000 shares (Indirect, J. Ralph Borneman, Jr. TTEE J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015)
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
Deferred share credits acquired: 65.0000 Share Credits
Deferred share credits held after: 20625.3110 Share Credits
Indirect Class A shares held: 10000.0000 shares
3 metrics
Deferred share credits acquired
65.0000 Share Credits
Directors' Deferred Compensation Share Credits acquired on July 31, 2026
Deferred share credits held after
20625.3110 Share Credits
Direct holdings of Directors' Deferred Compensation Share Credits after transaction
Indirect Class A shares held
10000.0000 shares
Class A common stock held indirectly via revocable trust after reported date
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Stock Plan, Revocable Trust
3 terms
Outside Directors' Stock Plan financial
"Share Credits are periodically credited under the Outside Directors' Stock Plan."
Revocable Trust financial
"Class A common stock is held indirectly through a Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ERIE director J. Ralph Borneman, Jr. report?
Director J. Ralph Borneman, Jr. reported acquiring 65 Directors' Deferred Compensation Share Credits on July 31, 2026. These credits were issued under Erie Indemnity's director compensation arrangements and are linked to future delivery of Class A common stock.