Erie Indemnity EVP adds incentive share credits
Erie Indemnity Company Executive Vice President Cody Cook reported updated holdings related to the company’s Incentive Compensation Deferral Plan.
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Rhea-AI Filing Summary
Erie Indemnity Company Executive Vice President Cody Cook reported updated holdings related to the company’s Incentive Compensation Deferral Plan. On the transaction date, Cook received 7.353 Incentive Compensation Deferral Plan Share Credits through dividend reinvestment at an equivalent price of $253.85 per share, bringing his plan balance to 1,283.642 share credits tied to Class A common stock. A separate holding line shows 1,126.784 shares of Class A Common Stock held directly. The footnotes explain that these share credits are bookkeeping entries that will be settled in an equivalent number of Class A shares when Cook retires or otherwise leaves the company, and they do not have exercisable or expiration dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 7.353 | $253.85 | $2K |
| 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 dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral Plan.
- 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.
Key Figures
Key Terms
Incentive Compensation Deferral Plan financial
dividend reinvestment financial
Class A Common Stock financial
FAQ
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What did Erie Indemnity (ERIE) executive Cody Cook report in this Form 4?
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