ERIE insider 401(k) purchase: 1.345 shares reported on Form 4
Rhea-AI Filing Summary
DaBreo Anthony, Senior Vice President, Life at Erie Indemnity Co (ERIE), reported a Section 16 transaction dated 08/31/2025. The Form 4 shows a participant-directed 401(k) plan transaction: 1.345 shares acquired of Class A common stock at a price of $354.38. Following the reported transaction the filing lists 839.145 shares beneficially owned (direct). The filing was signed via power of attorney by Rebecca A. Buona on 09/02/2025. No derivative transactions, amendments, or other issuer events are stated in the provided content.
Positive
- Transaction explicitly labeled as a participant-directed 401(k) plan action, clarifying the non-discretionary nature of the trade
- Form 4 includes POA signature (Rebecca A. Buona) dated 09/02/2025, showing the filing was executed and documented
Negative
- None.
Insights
TL;DR: Small, routine insider purchase through a 401(k) plan; immaterial to company valuation.
The reported 1.345-share acquisition at $354.38 is explicitly described as a participant-directed transaction under a 401(k) plan, indicating this was an employee retirement-plan activity rather than a discretionary open-market trade by the officer. The post-transaction beneficial ownership is shown as 839.145 shares (direct). Given the small share amount relative to typical outstanding shares, the trade appears routine and non-material to investors.
TL;DR: Filing meets Section 16 disclosure norms; executed via POA and documents the plan-based transfer.
The Form 4 includes required details: reporting person identity and role, transaction date 08/31/2025, transaction code J(1) with explanatory remark that it was a 401(k) plan participant-directed transaction, and a power-of-attorney signature dated 09/02/2025. This presentation aligns with procedural disclosure expectations for plan-directed activity and does not indicate voluntary executive trading outside plan parameters.