Form 4: Erie Indemnity Co. Director Hagen Reports Changes in Beneficial Ownership

Thomas B. Hagen, a director of Erie Indemnity Co., filed a Form 4 detailing changes in his beneficial ownership of Class A and Class B common stock due to deferred compensation and trust transfers.

Summary

• Thomas B. Hagen, a director of Erie Indemnity Co., reported changes in beneficial ownership of the company's stock.
• The changes involve Class A Common Stock and Class B Common Stock.
• These changes are due to acquisitions under the Directors' Deferred Compensation Plan and transfers related to the Susan H. Hagen Non-Exempt Marital Irrevocable Trust and the Hagen Family L.P.
• Hagen disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest.
• The reporting person acquired 42.466 share credits under the Directors' Deferred Compensation Plan on 10/31/2024.
• Class B Common Stock is convertible to Class A Common Stock at a rate of 2,400 shares of Class A stock for each share of Class B stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The document does not contain specific forward-looking statements, but it does outline the ongoing accumulation of share credits under the Directors' Deferred Compensation Plan, which will result in future distributions of Class A common stock.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in director Hagen's holdings due to deferred compensation and trust transfers, which are common occurrences.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• The changes in ownership may have a minor impact on the overall shareholder base.

Key Dates