Erie Indemnity Insider Filing: Dividend Reinvested Credits, Minor Share Sale

Rhea-AI Filing Summary

Erie Indemnity Co (ERIE) – Form 4, filed 07/24/2025: Director George R. Lucore reported routine equity movements dated 07/22/2025.

• Derivative securities: 15.308 Directors’ Deferred Compensation Share Credits were acquired via dividend reinvestment (Transaction Code J, conversion price $0). His deferred-comp account now holds 3,940.708 share credits, each convertible 1-for-1 into Class A common stock when board service ends. These credits carry no exercise or expiration dates.
• Non-derivative securities: The filing shows a disposition of 1,725 Class A shares; additional detail (price, code) is not provided, and post-transaction share balance is not stated.

The transactions are small versus ERIE’s total float and executed through plan mechanics rather than open-market trading, so they are unlikely to influence valuation or signal a change in insider sentiment. No operational, financial, or governance updates are included.

Positive

• Director continues to accumulate share credits through the deferred compensation plan, modestly increasing equity alignment with shareholders.

Negative

• Disposition of 1,725 Class A shares by the director, although small, represents a net decrease in directly held stock.

Insights

Securities Analyst

TL;DR: Routine plan activity; negligible share count; neutral signal.

Deferred-comp reinvestment credits add fewer than 16 notional shares, while a 1,725-share disposition is only ~0.003% of ERIE’s float. Absence of open-market buying or large sales leaves insider sentiment unchanged. I view the filing as administratively necessary, not market-moving.

Corporate Governance Expert

TL;DR: Plan-based credits show alignment; no red flags detected.

The Outside Directors’ Stock Plan automatically reinvests dividends, reinforcing board-shareholder alignment. Disposed shares appear modest and may relate to tax management. There are no governance concerns or control-changing implications; impact classified as not impactful.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

LUCORE GEORGE R

(Last) (First) (Middle)

220 FIELDSTONE WAY

(Street)

ERIE PA 16505

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ERIE INDEMNITY CO [ ERIE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								1,725	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Directors' Deferred Compensation Share Credits	$0(1)	07/22/2025		J(2)		15.308		(3)	(3)	Class A Common Stock	15.308	$364.1	3,940.708	D

Explanation of Responses:

1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.

2. Acquired under dividend reinvestment for 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 Attorney	07/24/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did ERIE director George R. Lucore report in the latest Form 4?

He acquired 15.308 deferred-comp share credits and disposed of 1,725 Class A shares on 07/22/2025.

How many Erie Indemnity share credits does the director now hold?

After the transaction, his deferred-comp account holds 3,940.708 share credits.

Does the transaction involve open-market buying or selling?

No. The acquisition occurred via dividend reinvestment (Code J) and the plan carries a $0 conversion price.

Is there any expiration date for the share credits?

No. The credits convert to Class A stock only when the director’s board service ends; they have no exercise or expiration dates.

Will this Form 4 filing significantly affect ERIE’s stock price?

Unlikely. The share amounts are immaterial relative to ERIE’s float and appear routine.