Erie Indemnity (ERIE) EVP acquires 8.699 deferred share credits via plan
Rhea-AI Filing Summary
Erie Indemnity Company executive Cody Cook, Executive Vice President, reported acquiring 8.699 Incentive Compensation Deferral Plan Share Credits on July 21, 2026 through dividend reinvestment. These credits represent the right to receive an equivalent number of Class A common shares upon retirement or separation, bringing his plan balance to 1,292.341 share credits and his direct Class A holdings to 1,147.268 shares.
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 | Incentive Compensation Deferral Plan Share Credits F1, F2, F3 | 8.699 | $215.82 | $2K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Incentive Compensation Deferral Plan Share Credits — 1,292.341 shares (Direct);
Class A Common Stock — 1,147.268 shares (Direct)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F2. Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral Plan.
- F3. 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
Share Credits Acquired: 8.6990 share credits
Total Share Credits After: 1292.3410 share credits
Class A Shares Held Directly: 1147.2680 shares
+1 more
4 metrics
Share Credits Acquired
8.6990 share credits
Incentive Compensation Deferral Plan Share Credits acquired on July 21, 2026
Total Share Credits After
1292.3410 share credits
Incentive Compensation Deferral Plan Share Credits balance following transaction
Class A Shares Held Directly
1147.2680 shares
Direct Class A common stock holdings following reported transactions
Derivative Transactions Reported
1 transaction
Number of derivative transactions reported in this Form 4
Key Terms
Incentive Compensation Deferral Plan Share Credits, dividend reinvestment, Class A common stock
3 terms
dividend reinvestment financial
"Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral 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.
Class A common stock financial
"Right to receive an equivalent number of shares of Erie Indemnity Company 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Erie Indemnity (ERIE) executive Cody Cook report?
Cody Cook reported acquiring 8.699 Incentive Compensation Deferral Plan Share Credits for Erie Indemnity on July 21, 2026. The credits were obtained through dividend reinvestment and are linked to Erie Indemnity Class A common stock as a deferred compensation benefit.
Was Cody Cook's ERIE transaction an open-market stock purchase or sale?
No. The Form 4 shows an “other” acquisition (code J) of 8.699 deferred Share Credits through dividend reinvestment in Erie Indemnity’s Incentive Compensation Deferral Plan, rather than an open-market purchase or sale of Class A common stock.