Form 4: Erie Indemnity Co. Executive Acquires Class A Common Stock
SEC Form 4 Filing
Douglas Edward Smith, an EVP at Erie Indemnity Co., acquired 1.861 shares of Class A Common Stock at $382.66 per share on April 30, 2024, through a 401(k) plan transaction.
Summary
- On April 30, 2024, Douglas Edward Smith, an Executive Vice President at Erie Indemnity Co. [ERIE], acquired 1.861 shares of Class A Common Stock.
- The transaction occurred at a price of $382.66 per share.
- The acquisition was part of a participant-directed transaction under the 401(k) Plan.
- Following the transaction, Smith directly owns 5,144.338 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Douglas Edward Smith acquired Class A Common Stock |
| 05/01/2024 | Date of signature by Rebecca A. Buona, Power of Attorney |
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