Erie Indemnity Co (NASDAQ: ERIE) director gains 65 deferred share credits
Rhea-AI Filing Summary
Erie Indemnity Co director Thomas W. Palmer acquired 65 Directors' Deferred Compensation Share Credits on July 31, 2026 under the Outside Directors' Stock Plan. These Share Credits represent the right to receive the same number of Class A common shares when his board service ends, bringing his direct share-credit balance to 15,890.356. He also indirectly holds 770 Class A common shares through the Thomas W. Palmer Revocable Trust.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Palmer Thomas W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F1, F2, F3 | 65 | $242.04 | $16K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 15,890.356 shares (Direct);
Class A Common Stock — 770 shares (Indirect, By Thomas W. Palmer Revocable Trust)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F2. Acquired under Directors' Deferred Compensation Plan.
- F3. 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
Deferred share credits acquired: 65.0000 share credits
Total deferred share credits after transaction: 15890.3560 share credits
Indirect Class A shares: 770.0000 shares
3 metrics
Deferred share credits acquired
65.0000 share credits
Directors' Deferred Compensation Share Credits acquired on 2026-07-31
Total deferred share credits after transaction
15890.3560 share credits
Directors' Deferred Compensation Share Credits held directly after the 2026-07-31 crediting
Indirect Class A shares
770.0000 shares
Class A common stock held indirectly by Thomas W. Palmer Revocable Trust
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Stock Plan, Revocable Trust
3 terms
Outside Directors' Stock Plan financial
"credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan"
Revocable Trust financial
"Class A Common Stock held indirectly By Thomas W. Palmer Revocable Trust"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Thomas W. Palmer report for ERIE?
Thomas W. Palmer, a director of Erie Indemnity Co (ERIE), reported an acquisition of 65 Directors' Deferred Compensation Share Credits on July 31, 2026. These credits were acquired under the company's Outside Directors' Stock Plan as part of his deferred compensation arrangement.
Does the ERIE Form 4 show an open-market stock purchase by Palmer?
The filing shows an acquisition of 65 Share Credits under the Directors' Deferred Compensation and Outside Directors' Stock Plans, not an open-market stock purchase. The credits are part of a deferred compensation arrangement linked to future delivery of Class A common shares.