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.
FAQ
What transaction did ERIE insider DaBreo report on the Form 4?
How many ERIE shares does DaBreo beneficially own after the reported transaction?
Was the trade by DaBreo discretionary or part of a plan?
Who signed the Form 4 for DaBreo and when?
Does the provided Form 4 show any derivative transactions or amendments?