Erie Indemnity director acquires rights to 103.298 shares
The reported Class B holdings are voting shares convertible at any time into non-voting Class A common shares.
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Form Type
4
Rhea-AI Filing Summary
Erie Indemnity Co. director Jonathan Hirt Hagen acquired 103.298 Directors' Deferred Compensation Share Credits on October 20, 2026, under dividend reinvestment. The credits entitle him to an equivalent number of Class A common shares when his director service ends; his reported credit balance was 17,279.037. On that date, he reported 223,130 Class A shares directly and Class B holdings of 1 share directly, 585 shares in each of Trust #1 and Trust #2, and 1,170 shares in a trust where he is primary beneficiary and co-trustee. Each Class B share is convertible into 2,400 Class A shares.
Insider Trade Summary
Other: 103.298 shares
Other
8 txns
Insider
Hagen Jonathan Hirt
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F2, F3, F4 | 103.298 | $245.935 | $25K |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 17,279.037 contracts (Direct);
Class B Common Stock — 1 contracts for 2,400 underlying shares (Direct);
Class B Common Stock — 585 contracts for 1,404,000 underlying shares (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#1));
Class B Common Stock — 585 contracts for 1,404,000 underlying shares (Indirect, Contingent Beneficiary & Co-Trustee, Trust (#2));
Class B Common Stock — 1,170 contracts for 2,808,000 underlying shares (Indirect, Primary Beneficiary & Co-Trustee, Trust);
Class A Common Stock — 223,130 shares (Direct);
Class A Common Stock — 200 shares (Indirect, By Daughter);
Class A Common Stock — 200 shares (Indirect, By Son)
Footnotes (5)
- F1. Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F2. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F3. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F4. 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.
- F5. 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: 103.298 share credits
Share-credit balance: 17,279.037 share credits
Direct Class A holdings: 223,130 shares
+4 more
7 metrics
Share credits acquired
103.298 share credits
October 20, 2026; under dividend reinvestment
Share-credit balance
17,279.037 share credits
Following the October 20, 2026 transaction
Direct Class A holdings
223,130 shares
Reported on October 20, 2026
Direct Class B holdings
1 share
Reported on October 20, 2026
Class B holdings in Trust #1 and Trust #2
585 shares in each trust
Reported on October 20, 2026
Class B holdings in trust where Hagen is primary beneficiary and co-trustee
1,170 shares
Reported on October 20, 2026
Class B conversion rate
2,400 Class A shares per Class B share
Conversion feature under the Articles of Incorporation
Key Terms
Share Credits, dividend reinvestment, Outside Directors' Stock Plan, conversion rate
4 terms
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation Plan."
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 technical
"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.
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