Erie Indemnity director adds deferred share credits
ERIE INDEMNITY CO director Jonathan Hirt Hagen acquired 65 Directors' Deferred Compensation Share Credits on July 31, 2026 under the Outside Directors' plans.
Rhea-AI Filing Summary
ERIE INDEMNITY CO director Jonathan Hirt Hagen acquired 65 Directors' Deferred Compensation Share Credits on July 31, 2026 under the Outside Directors' plans. These share credits represent the right to receive an equivalent number of Class A common shares when his board service ends and have no exercise or expiration dates. Following this crediting, he holds 17,175.739 such share credits and 223,130 Class A shares directly, plus additional interests linked to Class B shares that are convertible into Class A stock.
Positive
- None.
Negative
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Insider Trade Summary
Other: 65 shares
Other
8 txns
Insider
Hagen Jonathan Hirt
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F2, F3, F4 | 65 | $242.04 | $16K |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 17,175.739 contracts (Direct);
Class B Common Stock — 2,400 contracts (Direct);
Class B Common Stock — 1,404,000 contracts (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#1));
Class B Common Stock — 1,404,000 contracts (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#2));
Class B Common Stock — 2,808,000 contracts (Indirect, Primary Beneficiary & Co-Trustee, Trust);
Class A Common Stock — 223,130 shares (Direct);
Class A Common Stock — 200 shares (Indirect, By Daughter);
Class A Common Stock — 200 shares (Indirect, By Son)
Footnotes (5)
- F1. Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F2. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F3. Acquired under Directors' Deferred Compensation Plan.
- F4. 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.
- F5. Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
Key Figures
Deferred share credits acquired: 65.0000 share credits
Deferred share credits after transaction: 17175.7390 share credits
Direct Class A shares: 223130.0000 shares
+5 more
8 metrics
Deferred share credits acquired
65.0000 share credits
Directors' Deferred Compensation Share Credits acquired on July 31, 2026
Deferred share credits after transaction
17175.7390 share credits
Total Directors' Deferred Compensation Share Credits held directly after July 31, 2026 transaction
Direct Class A shares
223130.0000 shares
Class A Common Stock held directly as of July 31, 2026
Direct Class B-related underlying shares
2400.0000 shares
Underlying Class A shares associated with direct Class B position reported as a derivative
Indirect underlying shares, Trust (#1)
1404000.0000 shares
Underlying Class A shares associated with indirect Class B position, Contingent Beneficiary & Co-Trustee, Trust (#1)
Indirect underlying shares, Trust (#2)
1404000.0000 shares
Underlying Class A shares associated with indirect Class B position, Contingent Beneficiary & Co-Trustee, Trust (#2)
Indirect underlying shares, primary beneficiary trust
2808000.0000 shares
Underlying Class A shares associated with indirect Class B position, Primary Beneficiary & Co-Trustee, Trust
Class B to Class A conversion rate
2400 shares of Class A per 1 share of Class B
Conversion feature described in the Articles of Incorporation
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Stock Plan, Class B Common Stock, beneficial ownership, +1 more
5 terms
Outside Directors' Stock Plan financial
"Share Credits are credited under Erie Indemnity Company's Outside Directors' Stock Plan"
Class B Common Stock financial
"Shares of Class B Common Stock of Erie Indemnity Company are convertible"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these reported securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
conversion rate financial
"A conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Erie Indemnity (ERIE) director Jonathan Hirt Hagen report?
Jonathan Hirt Hagen reported acquiring 65 Directors' Deferred Compensation Share Credits on July 31, 2026. These credits were acquired under Erie Indemnity’s Outside Directors’ plans and represent a right to receive the same number of Class A common shares when his board service ends.
How are ERIE Class B Common Stock holdings treated in this Form 4?
Reported Class B positions are convertible into Class A Common Stock at a rate of 2,400 Class A shares per Class B share. The positions are shown as derivative holdings with underlying Class A share amounts and have no exercise price or expiration date under the Articles of Incorporation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
