Erie Indemnity (ERIE) EVP gains deferral plan share credits
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cook Cody
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 7.353 | $253.85 | $2K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 1,283.642 shares (Direct, null);
Class A Common Stock — 1,126.784 shares (Direct, null)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. Acquired under dividend reinvestment for 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.
Key Figures
Share credits acquired: 7.353 share credits
Equivalent price per share credit: $253.85 per share
Total plan share credits after transaction: 1,283.642 share credits
+2 more
5 metrics
Share credits acquired
7.353 share credits
Incentive Compensation Deferral Plan transaction on April 21, 2026
Equivalent price per share credit
$253.85 per share
Dividend reinvestment into plan share credits
Total plan share credits after transaction
1,283.642 share credits
Incentive Compensation Deferral Plan balance following transaction
Direct Class A shares held
1,126.784 shares
Class A Common Stock held directly after reported holdings entry
Restructuring-designated shares
7.353 shares
Classified as restructuringShares in transaction summary
Key Terms
Incentive Compensation Deferral Plan, Share Credits, dividend reinvestment, Class A Common Stock
4 terms
Incentive Compensation Deferral Plan financial
"shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan"
dividend reinvestment financial
"Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral 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.
Class A Common Stock financial
"These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company 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.
FAQ
What did Erie Indemnity (ERIE) executive Cody Cook report in this Form 4?
Cody Cook reported an update to his equity-related holdings. He received 7.353 Incentive Compensation Deferral Plan Share Credits via dividend reinvestment, increasing his plan balance to 1,283.642 share credits linked to Erie Indemnity Class A common stock.