Form 4: Erie Indemnity Co. EVP & CFO Julie Marie Pelkowski Reports Acquisition of Class A Common Stock

Julie Marie Pelkowski, EVP & CFO of Erie Indemnity Co., reports acquiring Class A Common Stock through a participant-directed transaction under the 401(k) Plan and Incentive Compensation Deferral Plan.

Summary

• On October 31, 2024, Julie Marie Pelkowski, EVP & CFO of Erie Indemnity Co., acquired Class A Common Stock.
• The transaction involved the acquisition of 1.243 shares at a price of $448.84 per share through a participant-directed transaction under the 401(k) Plan.
• Additionally, Pelkowski acquired 1,760.225 Share Credits under the Erie Indemnity Company Incentive Compensation Deferral Plan.
• These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock upon retirement or separation from service.
• Following the reported transactions, Pelkowski beneficially owns 622.466 shares of Class A Common Stock directly and 1,760.225 Share Credits indirectly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and investment in the company's stock.

Positives

• The acquisition of shares and share credits demonstrates the executive's investment in the company's stock.
• The Incentive Compensation Deferral Plan aligns executive compensation with the long-term performance of the company.

Industry Context

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

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive ownership.
• The Incentive Compensation Deferral Plan aligns executive interests with shareholder value.

Key Dates