Erie Indemnity (ERIE) director updates holdings, adds deferred share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company director Eugene C. Connell reported routine updates to his equity-related holdings. The filing shows his direct ownership of 17,433.246 Class A common shares, plus 2,462.602 shares held by his children, for which he disclaims beneficial ownership under Section 16.
Connell also recorded 19.273 additional Directors' Deferred Compensation Share Credits at a reference price of $253.85 per share through dividend reinvestment under the Outside Directors' Deferred Compensation Plan. This brought his deferred compensation balance to 3,364.568 share credits, representing the right to receive the same number of Class A shares when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CONNELL EUGENE C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 19.273 | $253.85 | $5K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 3,364.568 shares (Direct, null);
Class A Common Stock — 2,462.602 shares (Indirect, By Children);
Class A Common Stock — 17,433.246 shares (Direct, null)
Footnotes (1)
- Shares held by Reporting Person's children living in his household. The Reporting Person disclaims beneficial ownership of these reported securities, therefore this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan. 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
New deferred share credits: 19.273 share credits
Reference price per credit: $253.85 per share
Total deferred share credits after transaction: 3,364.568 share credits
+3 more
6 metrics
New deferred share credits
19.273 share credits
Directors' Deferred Compensation Share Credits acquired on 2026-04-21
Reference price per credit
$253.85 per share
Price used for dividend reinvestment calculation
Total deferred share credits after transaction
3,364.568 share credits
Directors' Deferred Compensation Share Credits balance after update
Direct Class A share holdings
17,433.246 shares
Class A common stock held directly by Connell
Children-held Class A shares
2,462.602 shares
Shares held by children; Connell disclaims beneficial ownership
Restructuring-designated shares
19.273 shares
Shares in derivative transaction coded as other (J)
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, dividend reinvestment, beneficial ownership, +1 more
5 terms
Outside Directors' Deferred Compensation Plan financial
"Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan."
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation Plan."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these reported securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"Not deemed an admission the Reporting Person is the beneficial owner for the purposes of Section 16."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Erie Indemnity (ERIE) director Eugene Connell report in this Form 4?
Eugene C. Connell reported updated holdings in Erie Indemnity Class A common stock and directors’ deferred compensation share credits. The filing details his direct and indirect share positions and a small increase in deferred share credits from dividend reinvestment under a board compensation plan.