Form 4: Erie Indemnity Co. Executive Acquires Shares in 401(k) Transaction

Senior Vice President of Life at Erie Indemnity Co., Anthony DaBreo, acquired 4,503 shares of Class A Common Stock through a 401(k) plan transaction.

Summary

• Anthony DaBreo, a Senior Vice President at Erie Indemnity Co., acquired 4,503 shares of Class A Common Stock on January 31, 2025.
• The transaction was a participant-directed purchase under the company's 401(k) plan.
• The price per share was $402.95.
• Following the transaction, Mr. DaBreo directly owns 821,997 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment due to the executive's purchase.

Positives

• The transaction indicates confidence in the company by a senior executive.
• The purchase was made at a price of $402.95 per share.

Industry Context

This is a routine filing related to insider trading and is common for executives who participate in company 401(k) plans.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US.
• The transaction is typical for executives participating in company 401(k) plans.
• The share price of $402.95 is a specific value for this transaction and would need to be compared to the market price at the time to assess if it was a good price.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows confidence from a company executive.

Key Dates

Keywords

Form 4, Erie Indemnity Co, insider trading, Anthony DaBreo, 401(k), Class A Common Stock, executive, share acquisition