Form 4: Erie Indemnity Co. EVP & CFO Julie Marie Pelkowski Reports Share Acquisition

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 February 28, 2025, Julie Marie Pelkowski, EVP & CFO of Erie Indemnity Co., acquired 0.427 shares of Class A Common Stock at a price of $428.07 per share through a participant-directed transaction under the 401(k) Plan.
• Additionally, Pelkowski acquired 1,766.586 Share Credits under the Erie Indemnity Company Incentive Compensation Deferral Plan, which 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 these transactions, Pelkowski beneficially owns 631.413 shares of Class A Common Stock directly and 1,766.586 Share Credits indirectly.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document is a standard regulatory filing reporting transactions by a company insider. The transactions themselves are neither overwhelmingly positive nor negative.

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.

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 a common method used by companies to incentivize and retain key employees.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key executive.
• The Incentive Compensation Deferral Plan can incentivize employees to contribute to the long-term success of the company.

Key Dates