ERIE director updates deferred share credits
ERIE Indemnity director Eugene C. Connell reported routine updates to his equity and deferred compensation positions.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
ERIE Indemnity director Eugene C. Connell reported routine updates to his equity and deferred compensation positions. He acquired 39.475 Directors' Deferred Compensation Share Credits at a reference value of $253.63 per share credit under the Outside Directors' Deferred Compensation Plan, which represents the right to receive an equivalent number of Class A common shares when his board service ends.
After these entries, Connell holds 17,433.246 Class A shares directly. An additional 2,462.602 Class A shares are held by his children; he disclaims beneficial ownership of those shares. His deferred compensation account now reflects 3,345.295 share credits linked to Class A common stock. The filing shows no open-market purchases or sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 39.475 | $253.63 | $10K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Shares held by Reporting Person's children living in his household. The Reporting Person disclaims beneficial ownership of these reported securities, therefore 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.
Key Figures
Key Terms
Outside Directors' Deferred Compensation Plan financial
Outside Directors' Stock Plan financial
Section 16 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ERIE (ERIE) director Eugene C. Connell report in this Form 4?
Were there any open-market ERIE (ERIE) stock purchases or sales in this Form 4?
What does the J transaction code mean in this ERIE (ERIE) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.