Erie Indemnity CFO reports deferred share credits
ERIE INDEMNITY CO EVP & CFO Julie Marie Pelkowski reported a compensation-related adjustment to her deferred share holdings.
Rhea-AI Filing Summary
ERIE INDEMNITY CO EVP & CFO Julie Marie Pelkowski reported a compensation-related adjustment to her deferred share holdings. She received 285.772 Incentive Compensation Deferral Plan share credits, tied to an Annual Incentive Plan award, each representing the right to receive one share of Class A common stock upon retirement or separation from the company.
These plan share credits have no exercise or expiration dates and do not involve an open-market purchase or sale. After this adjustment, her account shows 2,081.740 plan share credits, and her direct holdings of Class A common stock are reported at 660.265 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 285.772 | $246.91 | $71K |
| holding | Class A Common Stock | -- | -- | -- |
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 an Annual 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.
FAQ
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What did ERIE (ERIE) EVP & CFO Julie Pelkowski report in this Form 4?
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What is the nature of the restructuring-type transaction in this ERIE (ERIE) Form 4?
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