Erie Indemnity (ERIE) director reports deferred share credits and trust stakes
Rhea-AI Filing Summary
Erie Indemnity Company director Jonathan Hirt reported acquiring 87.826 Directors' Deferred Compensation Share Credits on January 21, 2026 through dividend reinvestment at $279.9 per share. After this transaction, he holds 16,817.524 such share credits, which represent the right to receive an equivalent number of Erie Indemnity Class A common shares when his board service ends, with no exercise or expiration dates.
Separately, the filing lists direct ownership of 223,130 Class A common shares and indirect holdings of 200 Class A shares each held by a daughter and a son, for which he disclaims beneficial ownership. It also discloses direct and trust-related positions in Class B common stock that are convertible into Class A shares at a rate of 2,400 Class A shares for each Class B share, with no stated expiration or exercise price.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits | 87.826 | $279.90 | $25K |
| holding | Class B Common Stock | -- | -- | -- |
| 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 | -- | -- | -- |
Footnotes (1)
- 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. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan. 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 transaction did ERIE director Jonathan Hirt report on this Form 4?
Jonathan Hirt reported acquiring 87.826 Directors' Deferred Compensation Share Credits for Erie Indemnity on January 21, 2026. These were credited through dividend reinvestment at a reference price of $279.9 per share under the Directors' Deferred Compensation Plan.
What direct Class A common stock holdings does Jonathan Hirt report in ERIE?
The filing shows direct ownership of 223,130 Erie Indemnity Class A common shares by Jonathan Hirt. These are listed separately from his deferred compensation share credits and indirect holdings.