Form 4: Erie Indemnity Executive Reports 401(k) Stock Acquisition
Statement of Changes in Beneficial Ownership
Senior Vice President Anthony DaBreo acquired 9.501 shares of Erie Indemnity Class A Common Stock via a 401(k) plan.
Summary
- Anthony DaBreo, Senior Vice President of Life at Erie Indemnity, acquired 9.501 shares of Class A Common Stock.
- The transaction occurred on April 30, 2026, at a price of $218.93 per share.
- The acquisition was a participant-directed transaction under the company's 401(k) plan.
- Following this transaction, the reporting person holds a total of 1,374.054 shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine, non-discretionary 401(k) contribution rather than a strategic market move.
Positives
- Internal accumulation of company stock by a senior executive signals confidence in the firm's long-term prospects.
Negatives
- None identified; this is a routine administrative transaction related to employee benefit plans.
Risks
- None identified; this filing pertains to a standard 401(k) plan transaction.
Future Outlook
Not applicable; this is a routine disclosure of an insider transaction.
Industry Context
StockSavvy.ai notes that routine 401(k) acquisitions by executives are standard industry practice and generally do not reflect active trading strategies or material non-public information.
Comparison to Industry Standards
- The transaction aligns with standard corporate governance practices regarding executive participation in company-sponsored retirement plans.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a standard employee benefit plan contribution.
Next Steps
- None; this is a completed transaction report.
Key Dates
| Date | Description |
|---|---|
| 04/30/2026 | Date of the reported stock acquisition transaction. |
| 05/01/2026 | Date the Form 4 was signed and filed. |
Keywords
Erie Indemnity, ERIE, Form 4, Insider Trading, 401k, Stock Acquisition
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