Form 4: Erie Indemnity Director Charles Scott Hartz Reports Changes in Beneficial Ownership

Director Charles Scott Hartz reports acquisition of Erie Indemnity Company Class A Common Stock through dividend reinvestment and deferred compensation plan.

Summary

• Charles Scott Hartz, a director of Erie Indemnity Co, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of Class A Common Stock through a dividend reinvestment plan and the Outside Directors' Deferred Compensation Plan.
• Hartz acquired 50.652 shares under the dividend reinvestment plan at a price of $468.42.
• Additionally, Hartz holds 1,097.427 shares indirectly through a Delaware Trust.
• Following the reported transactions, Hartz directly owns 18,532.333 shares of Class A Common Stock.
• The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan.
• These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual's service as a Director of the Company ends.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports transactions and doesn't inherently indicate positive or negative sentiment about the company's future.

Positives

• The acquisition of shares through dividend reinvestment indicates confidence in the company's performance and future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates