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Deferred share credits grow for Erie Indemnity (NASDAQ: ERIE) director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Erie Indemnity Company director J. Ralph Borneman Jr. reported updated holdings and deferred compensation arrangements. He indirectly holds 10,000 Class A common shares through a revocable trust. Separately, he recorded 39.475 Directors' Deferred Compensation Share Credits at $253.63 each, bringing his direct deferred share credit balance to 20,303.2 credits.

These share credits are periodically granted under the Outside Directors' Deferred Compensation and Stock Plans and represent the right to receive an equivalent number of Class A common shares when his board service ends. The filing notes there are no exercisable or expiration dates for these securities, and the transaction is categorized as an "other" restructuring event rather than an open-market trade.

Positive

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Insider BORNEMAN J RALPH JR
Role null
Type Security Shares Price Value
Other Directors' Deferred Compensation Share Credits 39.475 $253.63 $10K
holding Class A Common Stock -- -- --
Holdings After Transaction: Directors' Deferred Compensation Share Credits — 20,303.2 shares (Direct, null); Class A Common Stock — 10,000 shares (Indirect, J. Ralph Borneman, Jr. TTEE J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015)
Footnotes (1)
  1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under 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.
Indirect Class A holdings 10,000 shares Class A Common Stock indirectly owned via revocable trust
Deferred share credits added 39.475 credits Directors' Deferred Compensation Share Credits on transaction date
Price per deferred share credit $253.63 per credit Assigned value for 39.475 Directors' Deferred Compensation Share Credits
Total deferred share credits 20,303.2 credits Directors' Deferred Compensation Share Credits after transaction
Conversion price $0.00 Conversion price not applicable under Outside Directors' Deferred Compensation Plan
Directors' Deferred Compensation Share Credits financial
"Directors' Deferred Compensation Share Credits which are periodically credited to the accounts"
Outside Directors' Deferred Compensation Plan financial
"shares granted under the Outside Directors' Deferred Compensation Plan"
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan"
Revocable Trust financial
"Revocable Trust DTD 02/16/2015"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BORNEMAN J RALPH JR
(Last)(First)(Middle)
17 E. PHILADELPHIA AVENUE
PO BOX 584
(Street)
BOYERTOWN PENNSYLVANIA 19512
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock10,000IJ. Ralph Borneman, Jr. TTEE J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Directors' Deferred Compensation Share Credits$0(1)04/20/2026J(2)39.475 (3) (3)Class A Common Stock39.475$253.6320,303.2D
Explanation of Responses:
1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
2. Acquired under Directors' Deferred Compensation Plan.
3. 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.
Remarks:
Rebecca A. Buona, Power of Attorney04/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did ERIE director J. Ralph Borneman Jr. report in this Form 4?

He reported his indirect holding of 10,000 Class A shares via a revocable trust and an update to his Directors' Deferred Compensation Share Credits, adding 39.475 credits and reaching a total of 20,303.2 credits linked to future stock delivery.

Are the ERIE Form 4 transactions open-market buys or sells?

No, the filing does not show open-market buys or sells. It records a holding entry for 10,000 indirectly held Class A shares and an "other" derivative transaction involving 39.475 deferred compensation share credits under board compensation plans.

What are Directors' Deferred Compensation Share Credits at ERIE?

They are share credits periodically credited to directors' accounts under Erie Indemnity’s Outside Directors' plans. Each credit represents the right to receive one Class A common share when a director’s service ends, with no exercise or expiration dates attached.

How many ERIE deferred share credits does the director hold after this filing?

After the reported transaction, the director holds 20,303.2 Directors' Deferred Compensation Share Credits. These credits track future delivery of an equivalent number of Class A common shares upon the end of his service as a director, under the company’s outside directors’ plans.

How are the 10,000 ERIE Class A shares held by the director?

The 10,000 Class A common shares are reported as indirectly owned through the “J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015,” for which he serves as trustee. This reflects trust-held ownership rather than direct personal registration.

Does the ERIE Form 4 show any remaining derivative options for the director?

The filing’s derivative summary section is empty, indicating no additional derivative positions such as unexercised options are shown in this report. Only the Directors' Deferred Compensation Share Credits are listed as derivative-type instruments linked to future stock delivery.