ERIE insider filing: Shine reports 3.214-share 401(k) purchase and 2,653.329 deferred credits
Rhea-AI Filing Summary
Sarah Shine, Executive Vice President of Erie Indemnity Company, reported a small non-derivative acquisition and held deferred share credits. On 08/31/2025 she executed a participant-directed 401(k) transaction that acquired 3.214 shares of Class A common stock at $354.38 per share. The filing lists 502.286 Class A shares as beneficially owned following the reported transaction and identifies 2,653.329 Share Credits under the companys Incentive Compensation Deferral Plan, representing rights to receive an equivalent number of Class A shares upon separation from service. The filing notes these Share Credits have no exercise or expiration dates and that the conversion price is not applicable.
Positive
- Acquisition disclosed: 3.214 Class A shares acquired at $354.38 on 08/31/2025 via participant-directed 401(k).
- Deferred compensation disclosed: 2,653.329 Share Credits under the Incentive Compensation Deferral Plan documented with conversion terms.
Negative
- None.
Insights
TL;DR: Routine insider purchase via 401(k) and material deferred-share holdings disclosed; no unusual trading activity disclosed.
The Form 4 documents a participant-directed 401(k) acquisition of 3.214 Class A shares at $354.38 on 08/31/2025 and reports 502.286 Class A shares beneficially owned post-transaction. Separately, the executive holds 2,653.329 Share Credits under the Incentive Compensation Deferral Plan that convert to equivalent shares upon separation from service. This is a standard disclosure of compensation-related deferrals and a small plan-directed purchase; the filing does not present transactions large enough to materially affect share count or signal an unusual event.
TL;DR: Disclosure aligns with Section 16 reporting obligations and explains the nature of deferred share credits.
The filing clearly identifies the reporters role as Executive Vice President and specifies the nature of the deferred compensation instrument. The explanation states that Share Credits are periodically credited to selected management and highly compensated employees and convert to Class A shares upon retirement or separation with no exercisable or expiration dates. The form includes a power-of-attorney signature and follows required reporting structure; there are no governance concerns or corrective amendments indicated within the provided content.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 3.214 | $354.38 | $1K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Footnotes (1)
- Participant directed transaction under 401(k) Plan. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. The shares subject to this reporting are Share Credits which are periodically credited to the accounts of a select group of management and highly compensated employees of Erie Indemnity Company pursuant to its Incentive Compensation Deferral 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 retires or otherwise separates from service with the Company. There are no exercisable or expiration dates for these securities.
