Erie Indemnity insider Cody Cook adds shares via 401(k) on 7/31/25
Rhea-AI Filing Summary
Form 4 snapshot: On 31 Jul 2025 Erie Indemnity Co. (ERIE) Executive Vice President Cody Cook reported an automatic transaction coded “J.” Through a participant-directed 401(k) plan action he acquired 6.653 Class A shares at $356.24. His direct ownership rose to 1,088.829 shares; no shares were sold.
The filing also shows continuing ownership of 1,264.359 deferred share credits under the Incentive Compensation Deferral Plan. These credits convert 1-for-1 into Class A shares when Cook retires or leaves the company and carry no exercise price or expiration.
Given ERIE’s roughly 57 million Class A shares outstanding, the 6.7-share acquisition is economically immaterial and unlikely to influence market perception or insider-sentiment analysis. The disclosure provides routine compliance information rather than a signal of strategic intent.
Positive
- None.
Negative
- None.
Insights
Tiny 401(k) purchase; neutral impact on ERIE valuation.
The 6.7-share addition costs about $2.4k—negligible versus the executive’s compensation and ERIE’s market cap. Because the transaction is coded “J,” it reflects an automatic, participant-directed 401(k) move, not an active open-market buy. Deferred share credits remain unchanged and already disclosed. Insider ownership remains minimal (≈0.002%). Investors should view the filing as routine administrative reporting rather than an indication of confidence or concern.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 6.653 | $356.24 | $2K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Footnotes (1)
- Participant directed transaction under 401(k) Plan. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. 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.