Erie Indemnity CIO granted 796 share credits
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Rhea-AI Filing Summary
Erie Indemnity Company executive vice president and chief information officer Srinivasa Parthasarathy reported an internal compensation-related adjustment, receiving 796.383 Incentive Compensation Deferral Plan share credits tied to Class A common stock at a reference value of $227.22 per credit. These share credits were acquired from a Long Term Incentive Plan award and now total 2,730.175 credits in his account. The credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares upon retirement or separation from service and have no exercise or expiration dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 796.383 | $227.22 | $181K |
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F2. Acquired under the Erie Indemnity Company Incentive Compensation Deferral Plan from a Long Term Incentive Plan award.
- F3. 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
Key Terms
Incentive Compensation Deferral Plan financial
Long Term Incentive Plan award financial
Class A common stock financial
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What did Erie Indemnity (ERIE) disclose in this Form 4 filing?
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