Erie Indemnity (ERIE) director gains new deferred stock credits via plan
Rhea-AI Filing Summary
Erie Indemnity Company director and 10% owner Elizabeth A. Vorsheck reported an automatic award of deferred stock credits rather than an open-market trade. On January 21, 2026, she acquired 74.737 Directors' Deferred Compensation Share Credits at a stated price of $0 under the company’s deferred compensation plan for outside directors. This increased her direct balance to 14,299.302 share credits, each representing the right to receive one share of Class A common stock when her board service ends, with no set exercise or expiration date.
She also reported significant indirect holdings of Erie Indemnity Class A and Class B common stock through multiple trusts and a limited partnership, including positions held as trustee, contingent beneficiary, or primary beneficiary and co‑trustee. The filing notes that Class B voting shares are convertible at any time into Class A non‑voting shares at a rate of 2,400 Class A shares for each Class B share, without a stated expiration or exercise price.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Directors' Deferred Compensation Share Credits | 74.737 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Conversion price is not applicable to shares granted under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors (the "Plan"). Acquired pursuant to dividend reinvestment provisions of the Plan. The number of Share Credits credited to the account of the reporting person was determined in accordance with the Plan, based on the closing price of the Class A Common Stock on January 21, 2026. 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. 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.
FAQ
What insider activity did ERIE director Elizabeth A. Vorsheck report on this Form 4?
Elizabeth A. Vorsheck reported an automatic award of 74.737 Directors' Deferred Compensation Share Credits for Erie Indemnity Class A common stock, bringing her direct deferred balance to 14,299.302 share credits. These arose under the company’s deferred compensation plan for outside directors, rather than from an open‑market stock purchase or sale.
Did the ERIE Form 4 show any open-market buying or selling by Elizabeth A. Vorsheck?
No open‑market transaction codes are shown in the excerpt. The only transaction with a code is the acquisition of 74.737 deferred compensation share credits under the directors’ plan at a stated price of $0. The other listed positions are holdings, reflecting amounts beneficially owned directly or indirectly after the reported activity.
Why was the ERIE deferred compensation award to Elizabeth A. Vorsheck priced at $0 on the Form 4?
The Form 4 states a price of $0 for the 74.737 Directors' Deferred Compensation Share Credits because they were granted under Erie Indemnity’s deferred compensation plan, not bought in the market. A footnote explains they were acquired under the plan’s dividend reinvestment provisions, with the number of share credits determined using the Class A closing price on January 21, 2026.