ERIE (ERIE) CFO Pelkowski reports 401(k) share move and 2,093.733 credits
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ERIE INDEMNITY CO EVP & CFO Julie Marie Pelkowski reported a small, participant-directed share transaction and updated deferred share credit holdings.
A code J entry shows a 401(k) Plan transaction involving 1.295 Class A common shares at $213.07 per share, leaving 672 Class A shares held directly. Separately, she holds Incentive Compensation Deferral Plan Share Credits tied to 2,093.733 underlying Class A shares, which represent the right to receive the same number of shares when she retires or otherwise separates from the company and have no exercisable or expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pelkowski Julie Marie
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 1.295 | $213.07 | $275.93 |
| holding | Incentive Compensation Deferral Plan Share Credits | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 672 shares (Direct, null);
Incentive Compensation Deferral Plan Share Credits — 2,093.733 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 size: 1.295 shares
Transaction price: $213.07 per share
Shares after transaction: 672 shares
+3 more
6 metrics
Code J transaction size
1.295 shares
Class A Common Stock participant-directed 401(k) transaction
Transaction price
$213.07 per share
Class A Common Stock code J transaction
Shares after transaction
672 shares
Class A Common Stock held directly after code J transaction
Deferred share credits
2,093.733 underlying shares
Incentive Compensation Deferral Plan Share Credits tied to Class A
Exercise price on credits
$0.0000
Incentive Compensation Deferral Plan Share Credits exercise price field
Restructuring shares
1.295 shares
TransactionSummary restructuringShares for code J entry
Key Terms
Incentive Compensation Deferral Plan Share Credits, 401(k) Plan, Incentive Compensation Deferral Plan, Share Credits
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.
Incentive Compensation Deferral Plan financial
"Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan."
FAQ
What insider transaction did ERIE (ERIE) report for Julie Marie Pelkowski?
ERIE reported that EVP & CFO Julie Marie Pelkowski had a code J 401(k) Plan transaction involving 1.295 Class A common shares at $213.07 per share, leaving her with 672 Class A shares held directly afterward.
What does the code J transaction mean in Pelkowski’s ERIE (ERIE) Form 4?
The code J entry is described as an “Other acquisition or disposition” and is further clarified as a participant directed transaction under a 401(k) Plan. It involved 1.295 Class A shares at $213.07 per share and is characterized as a restructuring-type event.