[Form 4] Erie Indemnity Co Insider Trading Activity
Rhea-AI Filing Summary
On 07/22/2025, Erie Indemnity Co. (ERIE) Senior Vice President Marc Cipriani filed a Form 4 disclosing routine equity plan activity. He continues to hold 15,997 Class A shares; the filing shows no open-market purchases or sales. A single transaction (code J) reflects the automatic crediting of 8.178 share credits under the company’s Incentive Compensation Deferral Plan through dividend reinvestment at an implied price of $364.10 per share. After this credit, Cipriani’s deferred-plan balance rises to 2,189.63 share credits, each convertible to one Class A share upon separation from service. No stock options, warrants, or other derivatives with exercise terms were reported. Given the small size and administrative nature of the transaction, the filing does not materially alter insider ownership or provide a directional signal for investors.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine dividend reinvestment adds 8 share credits; no buying/selling signal.
The Form 4 shows a negligible increase (≈$3k) in deferred share credits for ERIE’s SVP, with total beneficial ownership steady at 15,997 shares plus 2,190 credits. Transaction code J confirms it was an automatic plan action, not a discretionary trade. Such filings typically have no market impact and do not suggest changes to management’s outlook or capital allocation strategy.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Incentive Compensation Deferral Plan Share Credits | 8.178 | $364.10 | $3K |
| holding | Class A Common Stock | -- | -- | -- |
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.