Form 4: Erie Indemnity Co Director Lucore George R Reports Acquisition of Share Credits

Director George R. Lucore reports acquisition of share credits under Erie Indemnity's Deferred Compensation Plan.

Summary

• Director George R. Lucore filed a Form 4 with the SEC on November 1, 2024.
• The report details the acquisition of 42.466 share credits under the Directors' Deferred Compensation Plan on October 31, 2024.
• These share credits represent the right to receive an equivalent number of Erie Indemnity Company Class A common stock shares when the director's service ends.
• The price of the derivative security is $448.84.
• Following the transaction, Lucore directly owns 3,813.204 derivative securities and 1,725 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of director compensation.

Positives

• The acquisition of share credits reflects continued participation in the Directors' Deferred Compensation Plan.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Provides transparency to shareholders regarding director compensation.

Key Dates