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

Thomas B. Hagen, a director of Erie Indemnity Co., reported changes in his beneficial ownership of Class A and Class B common stock due to dividend reinvestment and inheritance.

Summary

• Thomas B. Hagen, a director of Erie Indemnity Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates the acquisition of 47.102 share credits under the Directors' Deferred Compensation Plan on April 22, 2025, at a price of $405.3.
• Hagen's direct holdings include 5,100 shares of Class A Common Stock and 14,032.762 share credits.
• He also has indirect ownership through the Susan H. Hagen Non-Exempt Marital Irrevocable Trust, Family L.P., and the Estate of Susan H. Hagen.
• The report clarifies that Hagen disclaims beneficial ownership of shares held by the trust and Family L.P. except to the extent of his pecuniary interest.
• The report also details the inheritance of shares from Susan Hirt Hagen's revocable trust to an irrevocable trust, where Thomas B. Hagen became co-trustee.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't contain any particularly positive or negative news, but the continued investment in the company stock by a director is generally a positive sign.

Positives

• The report shows continued participation in the Directors' Deferred Compensation Plan, indicating ongoing investment in the company's stock.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to Erie Indemnity Co. and its director.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a company director.

Key Dates

Keywords

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