Erie Indemnity CFO updates share and credit holdings
Erie Indemnity Company EVP & CFO Julie Marie Pelkowski reported a small participant-directed transaction under the company 401(k) Plan, involving 2.679 shares of Class A common stock at $251.31 per share.
Rhea-AI Filing Summary
Erie Indemnity Company EVP & CFO Julie Marie Pelkowski reported a small participant-directed transaction under the company 401(k) Plan, involving 2.679 shares of Class A common stock at $251.31 per share. Following this, she directly holds 662.944 Class A shares.
The filing also updates her position in Incentive Compensation Deferral Plan Share Credits, which total 2,081.740 share credits tied to Class A common stock. These credits represent the right to receive an equal number of shares when she retires or otherwise separates from the company and have no exercise or expiration dates.
Insider Trade Summary
Other: 2.679 shares
Other
2 txns
Insider
Pelkowski Julie Marie
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 2.679 | $251.31 | $673.26 |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 662.944 shares (Direct);
Incentive Compensation Deferral Plan Share Credits — 2,081.74 contracts (Direct)
Footnotes (3)
- F1. Participant directed transaction under 401(k) Plan.
- F2. Conversion price is not applicable to shares granted under 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
401(k) transaction size: 2.679 shares
401(k) transaction price: $251.31 per share
Direct Class A holdings: 662.944 shares
+2 more
5 metrics
401(k) transaction size
2.679 shares
Participant-directed 401(k) Plan transaction in Class A Common Stock
401(k) transaction price
$251.31 per share
Price for Class A Common Stock in reported 401(k) transaction
Direct Class A holdings
662.944 shares
Direct Class A Common Stock owned after transaction
Deferral plan share credits
2,081.740 share credits
Incentive Compensation Deferral Plan Share Credits tied to Class A stock
Deferral plan exercise price
$0.00
Exercise price for Incentive Compensation Deferral Plan Share Credits
Key Terms
Participant directed transaction, 401(k) Plan, Incentive Compensation Deferral Plan Share Credits, Incentive Compensation Deferral Plan, +1 more
5 terms
Participant directed transaction financial
"Participant directed transaction under 401(k) Plan."
401(k) Plan financial
"Participant directed transaction under 401(k) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Incentive Compensation Deferral Plan financial
"shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan."
Class A common stock financial
"shares of Erie Indemnity Company Class A common stock when the reporting individual retires"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ERIE EVP & CFO Julie Pelkowski report in this Form 4?
Julie Pelkowski reported a small participant-directed transaction under Erie Indemnity’s 401(k) Plan involving 2.679 Class A shares. She also updated her Incentive Compensation Deferral Plan Share Credits holdings, which represent future rights to receive Erie Indemnity Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
