Form 4: Erie Indemnity Co. Director Thomas B. 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 company stock due to dividend reinvestment and inheritance.

Summary

• On January 22, 2025, Thomas B. Hagen, a director of Erie Indemnity Co., reported changes in his beneficial ownership of Class A Common Stock and derivative securities.
• The changes include acquisitions under the dividend reinvestment plan for Directors' Deferred Compensation and adjustments due to inheritance from Susan Hirt Hagen.
• Hagen directly owns 5,100 shares of Class A Common Stock and indirectly owns significant amounts through trusts and family partnerships.
• He also reported holdings of Directors' Deferred Compensation Share Credits, which represent the right to receive Class A common stock upon the end of his service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the filing reflects standard insider activity and continued investment in the company through dividend reinvestment. There are no indications of negative events or concerns.

Positives

• The dividend reinvestment indicates a continued investment in the company by the director.
• The report provides transparency regarding the director's holdings and any changes in beneficial ownership.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.
• The dividend reinvestment may be viewed positively by shareholders as it indicates confidence in the company's future.

Key Dates

Keywords

beneficial ownership, Form 4, Erie Indemnity Co., Thomas B. Hagen, Class A Common Stock, derivative securities, dividend reinvestment, Directors' Deferred Compensation, inheritance, trust, family partnership