ERIE (ERIE) director boosts deferred compensation share credits, updates trust holding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ERIE Indemnity director Charles Scott Hartz reported updates to his equity holdings. An indirect holding shows 1,097.427 Class A common shares held by the C. Scott Hartz 2005 Delaware Trust. In addition, 39.475 Directors' Deferred Compensation Share Credits were recorded at $253.63 per share under the Directors' Deferred Compensation Plan.
These Share Credits under the Outside Directors' Stock Plan represent the right to receive an equivalent number of Class A common shares when his board service ends and have no exercisable or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HARTZ CHARLES SCOTT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 39.475 | $253.63 | $10K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 19,198.626 shares (Direct, null);
Class A Common Stock — 1,097.427 shares (Indirect, By C. Scott Hartz 2005 Delaware Trust)
Footnotes (1)
- Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under Directors' Deferred Compensation Plan. 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
New Share Credits: 39.475 share credits
Reference Price: $253.63 per share
Total Share Credits: 19,198.626 share credits
+1 more
4 metrics
New Share Credits
39.475 share credits
Directors' Deferred Compensation Share Credits added
Reference Price
$253.63 per share
Price used for deferred compensation share credits
Total Share Credits
19,198.626 share credits
Directors' Deferred Compensation Share Credits after transaction
Indirect Common Shares
1,097.427 shares
Class A common stock held by C. Scott Hartz 2005 Delaware Trust
Key Terms
Directors' Deferred Compensation Plan, Outside Directors' Stock Plan, Share Credits
3 terms
Directors' Deferred Compensation Plan financial
"Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan."
Outside Directors' Stock Plan financial
"These Share Credits are periodically credited pursuant to its Outside Directors' Stock Plan."
FAQ
What insider activity did ERIE (ERIE) director Charles Scott Hartz report?
He reported an indirect holding of 1,097.427 Class A shares held by a Delaware trust and 39.475 Directors' Deferred Compensation Share Credits credited under ERIE’s plans, with no open-market purchases or sales disclosed in this filing.
Does this ERIE (ERIE) Form 4 show any open-market stock purchases or sales?
No. The Form 4 reflects an updated indirect holding in a Delaware trust and an “other” transaction adding Share Credits under a compensation plan. It does not report open-market buying or selling of ERIE Class A common stock by the director.