401(k) move by Erie Indemnity (ERIE) EVP reported on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company executive vice president Douglas Edward Smith reported a participant-directed transaction under a 401(k) plan involving 3.936 shares of Class A Common Stock at $218.93 per share. Following this Form 4 transaction, he held 5,168.622 shares of Erie Indemnity Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Douglas Edward
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 3.936 | $218.93 | $861.71 |
Holdings After Transaction:
Class A Common Stock — 5,168.622 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Transaction shares: 3.936 shares
Transaction price per share: $218.93 per share
Shares held after transaction: 5,168.622 shares
3 metrics
Transaction shares
3.936 shares
Participant-directed 401(k) transaction on Class A Common Stock
Transaction price per share
$218.93 per share
Price applied to 3.936 shares in 401(k) transaction
Shares held after transaction
5,168.622 shares
Direct ownership of Erie Indemnity Class A Common Stock after Form 4 event
Key Terms
Participant directed transaction, 401(k) Plan, Other acquisition or disposition, Class A Common Stock
4 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.
Other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition""
Class A Common Stock financial
"security_title: "Class A Common Stock""
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.