Erie Indemnity (ERIE) director credited 108 deferred share credits
Rhea-AI Filing Summary
Erie Indemnity director Thomas W. Palmer acquired 108.268 Directors' Deferred Compensation Share Credits on July 21, 2026 through dividend reinvestment under the Outside Directors' Deferred Compensation Plan. These share credits correspond to the right to receive an equivalent number of Class A common shares when his board service ends. Following this crediting, he holds 15,825.356 such share credits directly and 770 Class A shares indirectly through the Thomas W. Palmer Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Palmer Thomas W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Directors' Deferred Compensation Share Credits F1, F2, F3 | 108.268 | $215.82 | $23K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Directors' Deferred Compensation Share Credits — 15,825.356 shares (Direct);
Class A Common Stock — 770 shares (Indirect, By Thomas W. Palmer Revocable Trust)
Footnotes (3)
- F1. Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F2. Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- F3. 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.
Key Figures
Deferred share credits acquired: 108.268 share credits
Transaction share value: $215.82 per share
Deferred share credits held after transaction: 15,825.356 share credits
+2 more
5 metrics
Deferred share credits acquired
108.268 share credits
Directors' Deferred Compensation Share Credits credited on July 21, 2026
Transaction share value
$215.82 per share
Reference price for the July 21, 2026 deferred share crediting
Deferred share credits held after transaction
15,825.356 share credits
Total Directors' Deferred Compensation Share Credits held directly after the acquisition
Indirect Class A shares held
770 shares
Class A common stock held indirectly by Thomas W. Palmer Revocable Trust
Conversion or exercise price
$0.00
Conversion price not applicable to these plan shares per footnote
Key Terms
Directors' Deferred Compensation Share Credits, Outside Directors' Deferred Compensation Plan, Outside Directors' Stock Plan, dividend reinvestment
4 terms
Outside Directors' Deferred Compensation Plan financial
"Shares granted under the Outside Directors' Deferred Compensation Plan"
Outside Directors' Stock Plan financial
"Credited pursuant to its Outside Directors' Stock Plan"
dividend reinvestment financial
"Acquired under dividend reinvestment for Directors' Deferred Compensation 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ERIE director Thomas W. Palmer report?
Thomas W. Palmer reported acquiring 108.268 Directors' Deferred Compensation Share Credits on July 21, 2026. The credits were acquired through dividend reinvestment under Erie Indemnity's Outside Directors' Deferred Compensation Plan and are tied to Class A common stock.
Were Palmer's ERIE transactions made under a Rule 10b5-1 trading plan?
The disclosure shows the Rule 10b5-1 checkbox was not selected, and the footnotes do not reference any trading plan. The acquisition is instead described as dividend reinvestment within the Directors' Deferred Compensation Plan framework.
What indirect Erie Indemnity holdings does Palmer report in this Form 4?
Palmer reports indirect ownership of 770 Erie Indemnity Class A common shares. These are held through the Thomas W. Palmer Revocable Trust, as indicated by the indirect ownership entry in the filing.