Erie Indemnity (ERIE) director adds 39.474 share credits; total 2,672.279
Erie Indemnity (ERIE) reported a routine insider transaction by a director under the company’s deferred compensation program.
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Rhea-AI Filing Summary
Erie Indemnity (ERIE) reported a routine insider transaction by a director under the company’s deferred compensation program. On 10/31/2025, the director acquired 39.474 Directors’ Deferred Compensation Share Credits (transaction code J) at a reference price of $292.64 per credit under the Directors’ Deferred Compensation Plan.
These share credits represent the right to receive an equivalent number of Class A common shares when the director’s service ends, and they have no exercisable or expiration dates. Following the transaction, the director beneficially owned 2,672.279 derivative share credits directly. The filing also shows 320 Class A shares beneficially owned directly after the reported transactions.
Insights
Routine director share-credit accrual; administrative and neutral.
A director received 39.474 deferred compensation share credits on 10/31/2025 under Erie Indemnity’s plan (code J). These credits track the value of Class A shares and convert into the same number of shares when board service ends. The reference price listed is $292.64 per credit.
The credits have no exercisable or expiration dates, aligning with long-term compensation design. After this accrual, total derivative share credits directly owned are 2,672.279; non-derivative holdings shown are 320 Class A shares. This is a standard compensation mechanism; actual market impact depends on future delivery timing at service end.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 39.474 | $292.64 | $12K |
| 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.
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