Erie Indemnity (ERIE) EVP logs small 401(k) stock move, deferral credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Company Executive Vice President Cody Cook reported a small participant-directed transaction in company stock and updated his deferred compensation holdings. On Class A common stock, a code J transaction labeled as “other acquisition or disposition” covered 4.957 shares at $239.7500 per share, leaving 1,147.2680 shares held directly.
Cook also reported Incentive Compensation Deferral Plan Share Credits tied to Erie Indemnity Class A common stock. These credits total 1,283.6420 underlying shares and represent the right to receive an equivalent number of shares when he retires or otherwise separates from service, with no exercisable or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cook Cody
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 4.957 | $239.75 | $1K |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,147.268 shares (Direct, null);
Incentive Compensation Deferral Plan Share Credits — 1,283.642 shares (Direct, null)
Footnotes (1)
- Participant directed transaction under 401(k) Plan. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan. 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
Code J transaction shares: 4.9570 shares
Transaction price per share: $239.7500 per share
Post-transaction common shares: 1,147.2680 shares
+2 more
5 metrics
Code J transaction shares
4.9570 shares
Class A Common Stock, other acquisition or disposition
Transaction price per share
$239.7500 per share
Class A Common Stock code J transaction
Post-transaction common shares
1,147.2680 shares
Class A Common Stock held directly after transaction
Deferral plan underlying shares
1,283.6420 shares
Incentive Compensation Deferral Plan Share Credits
Exercise price on deferral credits
$0.0000
Incentive Compensation Deferral Plan Share Credits
Key Terms
Incentive Compensation Deferral Plan Share Credits, 401(k) Plan, Class A Common Stock, other acquisition or disposition
4 terms
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.
Class A Common Stock financial
"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."
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.
other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition" for the code J transaction in Class A Common Stock."
FAQ
What insider transaction did ERIE Executive Vice President Cody Cook report?
Cody Cook reported a small code J transaction in Erie Indemnity Class A common stock involving 4.957 shares at $239.7500. The filing classifies it as an “other acquisition or disposition” and notes it was a participant-directed transaction under a 401(k) Plan.
Was Cody Cook’s ERIE Form 4 transaction a typical market buy or sell?
No, the transaction was coded J as “other acquisition or disposition” rather than a standard market buy or sell. The filing describes it as a participant-directed transaction under a 401(k) Plan, indicating internal account movement instead of an open-market purchase or sale.