Form 4: Erie Indemnity Executive Increases Direct Stock Ownership Through 401(k) Plan

Cody Cook, Executive Vice President of Erie Indemnity Co., acquired 3.74 shares of Class A Common Stock through a 401(k) plan transaction on June 30, 2025, increasing his direct beneficial ownership.

Summary

• Cody Cook, Executive Vice President of Erie Indemnity Co. (ERIE), reported changes in his beneficial ownership of company securities.
• On June 30, 2025, Cook acquired 3.74 shares of Class A Common Stock at a price of $346.79 per share.
• This acquisition was a participant-directed transaction executed under a 401(k) Plan.
• Following this transaction, Cook directly beneficially owns 1,082.176 shares of Class A Common Stock.
• Cook also directly beneficially owns 1,259.637 Incentive Compensation Deferral Plan Share Credits, which represent the right to receive an equivalent number of Erie Indemnity Company Class A common shares upon his retirement or separation from service with the company.

Sentiment

Score: 6

Explanation: The document reports a routine insider stock acquisition by an executive through a 401(k) plan and the holding of deferred compensation share credits, which is generally a neutral to slightly positive signal indicating continued executive alignment with company performance.

Positives

• An executive is increasing their direct beneficial ownership in the company's Class A Common Stock, indicating continued alignment with shareholder interests.
• The executive holds a significant number of Incentive Compensation Deferral Plan Share Credits, aligning long-term incentives with company performance and retention.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

This Form 4 filing represents a routine insider transaction, common across publicly traded companies, where executives adjust their holdings or receive compensation in company stock. It does not provide specific insights into broader industry trends for the insurance sector.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through direct stock ownership and deferred compensation.
• Employees: The 401(k) plan and Incentive Compensation Deferral Plan are part of standard employee benefits and compensation structures.

Next Steps

• NA

Key Dates

Keywords

Erie Indemnity Co., ERIE, Cody Cook, Form 4, Insider Transaction, Stock Acquisition, 401(k) Plan, Executive Compensation, Beneficial Ownership, Class A Common Stock, Incentive Compensation Deferral Plan