Form 4: Erie Indemnity Co. Executive Acquires Shares Through 401(k) Plan

Senior Vice President of Life at Erie Indemnity Co., Anthony DaBreo, acquired 3,805 shares of Class A Common Stock through a 401(k) plan transaction.

Summary

• Anthony DaBreo, a Senior Vice President at Erie Indemnity Co., acquired 3,805 shares of Class A Common Stock on December 31, 2024.
• The transaction was executed through a participant-directed transaction under the company's 401(k) plan.
• The price per share was $412.23.
• Following the transaction, Mr. DaBreo directly owns 817,494 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider transaction. It does not contain any information that would significantly impact the sentiment of the stock.

Positives

• The acquisition of shares by a senior executive may signal confidence in the company's future performance.

Industry Context

This is a routine filing related to insider trading activity, which is common for publicly traded companies. It reflects a transaction by a company executive in accordance with their 401(k) plan.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the Securities and Exchange Commission (SEC).
• The transaction is typical for executives participating in company-sponsored retirement plans.
• The number of shares acquired is not unusual for a 401(k) transaction.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Erie Indemnity Co, insider trading, stock acquisition, 401k, Anthony DaBreo, Class A Common Stock