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

Thomas B. Hagen, a director at 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 inheritance.

Summary

• Thomas B. Hagen, a director of Erie Indemnity Co., reported changes in his beneficial ownership of the company's stock.
• The changes are due to acquisitions under the Directors' Deferred Compensation Plan and inheritance from the estate of Susan Hirt Hagen.
• Hagen directly owns 5,100 Class A Common Stock shares.
• He indirectly owns 6,658,800 Class A Common Stock shares through the Susan H. Hagen Non-Exempt Marital Irrev Trust, where he serves as co-trustee.
• He indirectly owns 10,086,059 Class A Common Stock shares through a Family Limited Partnership (FLP), where he is a Limited Partner and the General Partner.
• He indirectly owns 12,230 Class A Common Stock shares through the Estate of Susan H. Hagen, where he is co-executor.
• He acquired 42.466 Share Credits under the Directors' Deferred Compensation Plan, which represent the right to receive an equivalent number of Class A common stock shares upon the end of his service as a Director.
• He indirectly owns 12 Class B Common Stock shares through the Susan Hagen Non-Exempt Marital Irrev Trust.
• He indirectly owns 173 Class B Common Stock shares through the Family L.P.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The changes in ownership may have a minor impact on voting power depending on the conversion of Class B shares.

Key Dates

Keywords

Form 4, beneficial ownership, Erie Indemnity Co, Thomas B. Hagen, Class A Common Stock, Class B Common Stock, Directors' Deferred Compensation Plan, Susan H. Hagen, Family L.P., inheritance