Form 4: Erie Indemnity EVP Cook Reports Share Credits

Erie Indemnity Executive Vice President Cody Cook reported beneficial ownership of Class A Common Stock and additional share credits through an incentive compensation deferral plan.

Summary

• Cody Cook, Executive Vice President of Erie Indemnity Co. (ERIE), filed a Form 4 statement of changes in beneficial ownership.
• Reported direct beneficial ownership of 1,109.015 shares of Class A Common Stock.
• Acquired 6.634 share credits under the Erie Indemnity Company Incentive Compensation Deferral Plan on January 21, 2026, through dividend reinvestment.
• These share credits represent the right to receive an equivalent number of Class A common stock shares when the reporting individual retires or otherwise separates from service with the company.
• The price for the acquired derivative securities (share credits) was $279.9.
• Total beneficial ownership of derivative securities (share credits) following the reported transaction is 1,276.289.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of an executive's beneficial ownership and participation in an incentive compensation plan, which generally indicates alignment of management interests with shareholders, contributing to a slightly positive sentiment.

Positives

• Executive Vice President Cody Cook's participation in the Incentive Compensation Deferral Plan and acquisition of additional share credits through dividend reinvestment demonstrates alignment of management interests with shareholders.

Future Outlook

The share credits acquired by the executive represent a future right to receive an equivalent number of Erie Indemnity Company Class A common stock shares upon the executive's retirement or separation from service with the company.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting an executive's beneficial ownership and participation in a compensation plan within the insurance industry.

Stakeholder Impact

• Shareholders: The executive's increased beneficial ownership through an incentive plan suggests alignment of management's financial interests with those of shareholders.
• Employees: The filing highlights the existence of an Incentive Compensation Deferral Plan for a select group of management and highly compensated employees.

Key Dates

Keywords

Erie Indemnity, ERIE, Form 4, Insider Ownership, Executive Compensation, Share Credits, Dividend Reinvestment, Beneficial Ownership