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 March 31, 2025, Julie Marie Pelkowski, EVP & CFO of Erie Indemnity Co., acquired Class A Common Stock.
• The transaction involved the acquisition of 1.413 shares at a price of $419.05 per share through a participant-directed transaction under the 401(k) Plan.
• Additionally, 1,766.586 share credits were acquired under the Erie Indemnity Company Incentive Compensation Deferral Plan.
• Following the reported transactions, Pelkowski beneficially owns 632.826 shares of Class A Common Stock directly and 1,766.586 share credits indirectly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but the filing itself is a routine disclosure.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of shares by an executive suggests a positive outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the EVP & CFO's participation in company benefit plans and personal investment in the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include stock options, restricted stock units, or deferred compensation plans to align management's interests with those of shareholders.
• The Erie Indemnity Company Incentive Compensation Deferral Plan is similar to those offered by other publicly traded companies to attract and retain key employees.
• The amount of shares acquired is not significant compared to the total outstanding shares of the company, but it is a standard practice for executives to hold company stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates

Keywords

Erie Indemnity Co, Julie Marie Pelkowski, Class A Common Stock, Incentive Compensation Deferral Plan, 401(k) Plan, Beneficial Ownership, Form 4, SEC