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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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.
At what price were Marc Cipriani’s ERIE share credits recorded?
The 11.489 share credits were recorded at a reference price of $279.9 per share credit under Erie Indemnity’s Incentive Compensation Deferral Plan.
How many ERIE Incentive Compensation Deferral Plan share credits does Marc Cipriani now hold?
After the reported transaction, Marc Cipriani beneficially holds 2,210.29 share credits under Erie Indemnity’s Incentive Compensation Deferral Plan.
How many ERIE Class A common shares does Marc Cipriani directly own?
Marc Cipriani directly owns 15,997 shares of Erie Indemnity Class A common stock following the reported transaction.
What do ERIE Incentive Compensation Deferral Plan share credits represent?
The share credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when the reporting individual retires or otherwise separates from service, with no exercisable or expiration dates.
How were the additional ERIE share credits acquired by Marc Cipriani?
The additional 11.489 share credits were acquired under dividend reinvestment within the Erie Indemnity Company Incentive Compensation Deferral Plan.