Erie Indemnity (ERIE) director gains dividend reinvested share credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company director Brian Arden Hudson Sr. reported updated holdings of Class A common stock and deferred share credits. He holds 295 Class A shares directly.
He also acquired 19.273 Directors' Deferred Compensation Share Credits through dividend reinvestment under the Outside Directors' Deferred Compensation Plan, bringing his total deferred share credits to 3,364.566. These share credits represent the right to receive the same number of Class A shares when his board service ends and have no exercise or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hudson Brian Arden Sr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 19.273 | $253.85 | $5K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 3,364.566 shares (Direct, null);
Class A Common Stock — 295 shares (Direct, null)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan. 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.
Key Figures
Direct Class A holdings: 295 shares
New share credits: 19.273 share credits
Price per share credit: $253.8500 per share credit
+2 more
5 metrics
Direct Class A holdings
295 shares
Class A Common Stock held directly after transactions
New share credits
19.273 share credits
Directors' Deferred Compensation Share Credits from dividend reinvestment
Price per share credit
$253.8500 per share credit
Reference price for deferred compensation share credits transaction
Total deferred share credits
3,364.566 share credits
Directors' Deferred Compensation Share Credits after dividend reinvestment
Restructuring share amount
19.273 shares
Restructuring-related derivative transaction under code J
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, Outside Directors' Stock Plan, dividend reinvestment, +1 more
5 terms
Outside Directors' Deferred Compensation Plan financial
"shares granted under the Outside Directors' Deferred Compensation Plan"
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan"
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What did Erie Indemnity (ERIE) director Brian Hudson report in this Form 4?
He reported his current holdings of 295 Class A shares and updated his Directors' Deferred Compensation Share Credits to 3,364.566. The filing reflects compensation-related credits and holdings, not an open-market stock trade.