Form 4: Erie Indemnity Co. EVP Douglas Edward Smith Reports Transaction
SEC Form 4 Filing
Douglas Edward Smith, EVP of Erie Indemnity Co., reports a transaction involving Class A Common Stock on October 31, 2024.
Summary
- Douglas Edward Smith, an Executive Vice President at Erie Indemnity Co., filed a Form 4 with the SEC.
- The form reports a transaction involving Class A Common Stock on October 31, 2024.
- Smith acquired 0.655 shares at a price of $448.84 per share through a participant directed transaction under the 401(k) Plan.
- Following the transaction, Smith beneficially owns 5,145.97 shares of Class A Common Stock directly.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction by an executive. It indicates confidence in the company but is not a major event.
Positives
- The transaction reflects ongoing participation in the company's 401(k) plan by a key executive.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction involving Class A Common Stock. |
| 11/01/2024 | Date of signature by Rebecca A. Buona, Power of Attorney. |
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