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.
Positive
- None.
Negative
- None.
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.
How many deferred compensation share credits does ERIE director Jonathan Hirt now hold?
Following the reported transaction, Jonathan Hirt holds 16,817.524 Directors' Deferred Compensation Share Credits. Each credit represents the right to receive one Erie Indemnity Class A common share when his service as a director ends.
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.
How are Jonathan Hirt’s family members’ ERIE shares treated in this Form 4?
The report lists 200 Class A shares held by a daughter and 200 Class A shares held by a son as indirect holdings. A footnote states that these are held by family members and that the reporting person disclaims beneficial ownership of these securities.
What trust-related Class B common stock positions in ERIE are disclosed for Jonathan Hirt?
The filing discloses indirect holdings of Erie Indemnity Class B common stock where Jonathan Hirt is identified as a contingent or primary beneficiary and co-trustee. These trust positions are shown with associated amounts of Class B shares and are reported as indirect ownership.
How can Erie Indemnity Class B common stock be converted into Class A shares?
A footnote states that each share of Erie Indemnity Class B Common Stock (voting) is convertible at any time into 2,400 shares of Class A Common Stock (non-voting). There are no exercise or expiration dates and no specific exercise price associated with this conversion feature.
What are Directors' Deferred Compensation Share Credits for ERIE?
According to the disclosure, these share credits are periodically credited to directors' accounts under Erie Indemnity's Outside Directors' Stock Plan. They represent the right to receive an equivalent number of Class A common shares when the director's service ends, with no exercisable or expiration dates.