Erie Indemnity (ERIE) SVP records small 401(k) stock transaction in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company senior vice president Anthony DaBreo reported a small participant-directed transaction in the company’s 401(k) plan involving 9.501 shares of Class A common stock at $218.93 per share. Following this plan-related adjustment, his directly held position is 1,374.054 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DaBreo Anthony
Role
Senior Vice President, Life
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 9.501 | $218.93 | $2K |
Holdings After Transaction:
Class A Common Stock — 1,374.054 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
401(k) transaction shares: 9.501 shares
Reference price per share: $218.93 per share
Shares held after transaction: 1,374.054 shares
3 metrics
401(k) transaction shares
9.501 shares
Participant-directed Class A Common Stock transaction
Reference price per share
$218.93 per share
Valuation of 9.501-share 401(k) transaction
Shares held after transaction
1,374.054 shares
Direct Class A Common Stock holdings post-transaction
Key Terms
Class A Common Stock, 401(k) Plan, Form 4, participant directed transaction
4 terms
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
401(k) Plan financial
"Participant directed transaction under 401(k) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
participant directed transaction financial
"Participant directed transaction under 401(k) Plan."
FAQ
What did ERIE executive Anthony DaBreo report in this Form 4?
Anthony DaBreo reported a small participant-directed 401(k) transaction involving 9.501 shares of Erie Indemnity Class A common stock. The transaction used a reference price of $218.93 per share and reflects routine retirement-plan activity rather than an open-market trade.
Was DaBreo’s ERIE transaction an open-market buy or sell?
The Form 4 characterizes the event as an “Other” transaction, not a standard open-market buy or sell. A footnote explains it was a participant-directed transaction under a 401(k) plan, indicating routine retirement-plan management rather than discretionary market trading.