Erie Indemnity director acquires 88.135 share credits
The credits are rights to receive an equivalent number of Class A shares when Hagen's service as a director ends.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company director Thomas B. Hagen reported acquiring 88.135 Directors' Deferred Compensation Share Credits on October 20, 2026, through dividend reinvestment. His reported direct balance following the transaction was 14,713.986 share credits.
Insider Trade Summary
Other: 88.135 shares
Other
8 txns
Insider
Hagen Thomas B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F3, F4, F5 | 88.135 | $245.935 | $22K |
| holding | Class B Common Stock F6, F1 | -- | -- | -- |
| holding | Class B Common Stock F6 | -- | -- | -- |
| holding | Class B Common Stock F6, F2 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 14,713.986 contracts (Direct);
Class B Common Stock — 12 contracts for 28,800 underlying shares (Indirect, Susan Hagen Non-Exempt Marital Irrev);
Class B Common Stock — 4 contracts for 9,600 underlying shares (Direct);
Class B Common Stock — 173 contracts for 415,200 underlying shares (Indirect, Family L.P.);
Class A Common Stock — 5,100 shares (Direct);
Class A Common Stock — 6,658,800 shares (Indirect, Susan H. Hagen Non-Exempt Marital Irrev Trust);
Class A Common Stock — 10,086,059 shares (Indirect, Family L.P.);
Class A Common Stock — 12,230 shares (Indirect, Estate of Susan H. Hagen)
Footnotes (6)
- F1. These shares were owned by Erie Indemnity Company director and reporting person, Susan Hirt Hagen who died 6/15/15. By operation of law, her 6,658,800 Class A shares and 12 Class B shares held in a revocable trust passed to an irrevocable trust of which this reporting person became co-trustee, sharing voting and investment powers. The 12,230 Class A shares from Mrs. Hagen's Directors' Deferred Compensation Plan account were subsequently transferred by the Company to her estate for which this reporting person is co-executor, sharing voting and investment powers. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- F2. These shares are held by the Hagen FLP of which the reporting person is a Limited Partner and the General Partner with the sole powers of investment and voting. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- F3. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F4. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F5. 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.
- F6. Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
Key Figures
Share credits acquired: 88.135 share credits
Direct share-credit balance: 14,713.986 share credits
Direct Class A shares: 5,100 shares
+4 more
7 metrics
Share credits acquired
88.135 share credits
Directors' Deferred Compensation Share Credits acquired October 20, 2026
Direct share-credit balance
14,713.986 share credits
Reported following the October 20, 2026 transaction
Direct Class A shares
5,100 shares
Reported holdings as of October 20, 2026
Class A shares held in trust
6,658,800 shares
Reported indirect holding as of October 20, 2026; the reporting person was a co-trustee sharing voting and investment powers and disclaimed beneficial ownership except to the extent of his pecuniary interest
Class A shares held by Hagen FLP
10,086,059 shares
Reported indirect holding as of October 20, 2026; the reporting person disclaimed beneficial ownership except to the extent of his pecuniary interest
Class A shares held by Susan H. Hagen's estate
12,230 shares
Reported indirect holding as of October 20, 2026; the reporting person was a co-executor sharing voting and investment powers and disclaimed beneficial ownership except to the extent of his pecuniary interest
Class B-to-Class A conversion rate
2,400 Class A shares per Class B share
Conversion feature in Erie Indemnity Company's articles of incorporation
Key Terms
Directors' Deferred Compensation Share Credits, dividend reinvestment, Outside Directors' Stock Plan, conversion rate, +1 more
5 terms
dividend reinvestment financial
"Acquired under dividend reinvestment"
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.
Outside Directors' Stock Plan financial
"pursuant to its Outside Directors' Stock Plan"
conversion rate financial
"at a conversion rate of 2,400 shares of Class A Stock"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
beneficial ownership regulatory
"disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ERIE director Thomas B. Hagen report acquiring?
Thomas B. Hagen reported acquiring 88.135 Directors' Deferred Compensation Share Credits on October 20, 2026, through dividend reinvestment. His reported direct balance following the transaction was 14,713.986 share credits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
