Erie Indemnity (ERIE) EVP reports 18 new share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company executive Brian W. Bolash, EVP, Secretary and General Counsel, reported updates to his holdings. He now directly owns 445 shares of Class A common stock. In addition, 18.092 new Share Credits were added to his Incentive Compensation Deferral Plan account through dividend reinvestment, bringing that balance to 3,158.314 Share Credits.
These Share Credits represent the right to receive an equivalent number of Class A common shares when he retires or otherwise separates from the company, and they do not have exercisable or expiration dates. The Form 4 reflects a compensation and deferral-plan related adjustment rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bolash Brian W.
Role
EVP,Secretary,General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 18.092 | $253.85 | $5K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 3,158.314 shares (Direct, null);
Class A Common Stock — 445 shares (Direct, null)
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.
Key Figures
New Share Credits: 18.092 Share Credits
Deferral Plan Share Credits balance: 3,158.314 Share Credits
Direct Class A shares held: 445 shares
+1 more
4 metrics
New Share Credits
18.092 Share Credits
Credited via dividend reinvestment on Incentive Compensation Deferral Plan
Deferral Plan Share Credits balance
3,158.314 Share Credits
Total Share Credits after transaction
Direct Class A shares held
445 shares
Class A common stock directly owned after reported date
Implied credit price
$253.85 per Share Credit
Transaction price per Share Credit under deferral plan
Key Terms
Incentive Compensation Deferral Plan, Share Credits, dividend reinvestment, Class A Common Stock
4 terms
Incentive Compensation Deferral Plan financial
"shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan"
dividend reinvestment financial
"Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral 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.
Class A Common Stock financial
"These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Erie Indemnity (ERIE) executive Brian Bolash report on this Form 4?
Brian W. Bolash reported updated holdings in Erie Indemnity Class A stock and related share credits. He directly holds 445 Class A shares and 3,158.314 Share Credits in the Incentive Compensation Deferral Plan after 18.092 additional credits from dividend reinvestment.
What is Brian Bolash’s total Erie Indemnity (ERIE) deferral plan position now?
After the reported transaction, Brian Bolash holds 3,158.314 Incentive Compensation Deferral Plan Share Credits. Each Share Credit represents the right to receive one Erie Indemnity Class A common share upon retirement or separation from service under the plan’s terms.