Form 4: Erie Indemnity Director Connell Acquires Additional Shares Through Deferred Compensation Plan

Director Eugene C. Connell reports acquisition of Erie Indemnity Company Class A Common Stock through dividend reinvestment in a deferred compensation plan.

Summary

• On April 22, 2025, Eugene C. Connell, a director of Erie Indemnity Co, acquired 10.552 shares of Class A Common Stock through a dividend reinvestment under the Directors' Deferred Compensation Plan.
• These shares are share credits representing 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.
• Connell also indirectly owns 2,462.602 shares through his children and directly owns 17,433.246 shares of Class A Common Stock.
• The price of the derivative security is $405.3.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (share acquisition through a deferred compensation plan) by a company director, suggesting a neutral to slightly positive sentiment due to continued investment in the company.

Positives

• The acquisition of shares through the dividend reinvestment plan demonstrates the director's continued investment in the company's future.

Future Outlook

The 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.

Industry Context

Directors commonly participate in deferred compensation plans and dividend reinvestment programs, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves a director's compensation and investment in the company.

Key Dates

Keywords

Erie Indemnity, Director, Share Acquisition, Deferred Compensation, Class A Common Stock, Dividend Reinvestment, Form 4, Beneficial Ownership