Form 4: Erie Indemnity Director Connell Eugene C. Reports Changes in Beneficial Ownership

Director Eugene C. Connell reports changes in beneficial ownership of Erie Indemnity Company Class A Common Stock due to dividend reinvestment and holdings by children.

Summary

• On July 23, 2024, Eugene C. Connell, a director of Erie Indemnity Co, reported changes in beneficial ownership of the company's Class A Common Stock.
• Connell directly owns 17,433.246 shares of Class A Common Stock.
• He indirectly owns 2,462.602 shares through his children.
• Additionally, Connell acquired 10.192 share credits under the Directors' Deferred Compensation Plan, which represent the right to receive an equivalent number of Class A common stock shares upon the end of his service as a director.
• These share credits were acquired through dividend reinvestment.
• The price of the derivative security is $388.2.
• Following the reported transactions, Connell beneficially owns 2,943.576 derivative securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document is a standard SEC filing reporting changes in beneficial ownership. There is no indication of positive or negative sentiment.

Positives

• The acquisition of share credits through dividend reinvestment in the Directors' Deferred Compensation Plan indicates a continued investment in the company's future by the director.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company directors.

Stakeholder Impact

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

Key Dates