Erie Indemnity (ERIE) SVP boosts deferred share credits via reinvestment
Rhea-AI Filing Summary
Erie Indemnity Company senior vice president Marc Cipriani reported additional derivative-based compensation tied to the company’s Class A common stock. On January 21, 2026, he acquired 11.489 Incentive Compensation Deferral Plan Share Credits at a reference price of $279.9 per credit under the company’s dividend reinvestment feature for its Incentive Compensation Deferral Plan. These share credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when he retires or otherwise leaves the company, and they do not have exercisable or expiration dates. Following this transaction, Cipriani holds 2,210.29 share credits under the plan and directly owns 15,997 Class A common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 11.489 | $279.90 | $3K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. Acquired under dividend reinvestment for 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.
FAQ
What insider activity did ERIE senior vice president Marc Cipriani report?
Marc Cipriani reported acquiring 11.489 Incentive Compensation Deferral Plan Share Credits on January 21, 2026, tied to Erie Indemnity Class A common stock.