Form 4: Erie Indemnity Director Hagen Reports Changes in Beneficial Ownership

Director Jonathan Hirt Hagen reports changes in beneficial ownership of Erie Indemnity Company stock, including acquisitions through dividend reinvestment and holdings by family members and trusts.

Summary

• On April 22, 2025, Jonathan Hirt Hagen, a director of Erie Indemnity Co, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates that Hagen directly owns 223,130 shares of Class A Common Stock.
• He also indirectly owns 200 shares of Class A Common Stock through his daughter and 200 shares through his son.
• Additionally, Hagen acquired 55.444 share credits under the Directors' Deferred Compensation Plan through dividend reinvestment, with each share credit representing the right to receive one share of Class A common stock upon the end of his service as a director.
• Hagen also has indirect ownership through trusts, including as a contingent beneficiary and co-trustee, and as a primary beneficiary and co-trustee.
• These trusts hold Class B Common Stock convertible to Class A Common Stock at a rate of 2,400 Class A shares per Class B share.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of share credits through dividend reinvestment in the Directors' Deferred Compensation Plan increases Hagen's future stake in the company.

Future Outlook

The document does not contain explicit forward-looking statements, but the acquisition of share credits suggests continued participation in the Directors' Deferred Compensation Plan.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions and holdings in the company's stock. This filing is typical for directors and officers of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in the US, similar to filings made by directors and officers of companies like Berkshire Hathaway, Progressive, and Allstate when they trade their company's stock.
• The reporting requirements and the types of information disclosed are consistent across these companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings and transactions in the company's stock.
• It assures stakeholders that directors' interests are aligned with shareholders.

Key Dates

Keywords

beneficial ownership, Form 4, Erie Indemnity, director, Jonathan Hirt Hagen, Class A Common Stock, Class B Common Stock, dividend reinvestment, Directors' Deferred Compensation Plan, share credits, trusts