Form 4: Erie Indemnity Senior VP Acquires Additional Shares Through 401(k) Plan

Anthony DaBreo, Senior Vice President of Life at Erie Indemnity Co., acquired 1.286 shares of Class A Common Stock at $358.51 per share through a participant-directed 401(k) transaction.

Summary

• Anthony DaBreo, Senior Vice President, Life at Erie Indemnity Co. (ERIE), reported a transaction involving the company's Class A Common Stock.
• On May 31, 2025, Mr. DaBreo acquired 1.286 shares of Class A Common Stock.
• The acquisition was made at a price of $358.51 per share.
• This transaction was a participant-directed acquisition under a 401(k) Plan.
• Following this transaction, Mr. DaBreo directly beneficially owns 831.427 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While the transaction is small and routine, an insider's acquisition of shares, even through a 401(k) plan, generally indicates continued alignment with shareholder interests and confidence in the company.

Positives

• An insider, Senior Vice President Anthony DaBreo, acquired additional shares, which can be viewed as a minor positive signal of confidence in the company's equity.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider's transaction, specifically an acquisition of shares through an employee 401(k) plan. Such transactions are common across publicly traded companies and reflect ongoing participation by executives in their company's equity compensation and savings plans.

Comparison to Industry Standards

• Insider transactions, particularly those related to employee benefit plans like 401(k)s, are standard practice across all industries for publicly traded companies.
• The reported transaction size of 1.286 shares is very small and typical for routine, participant-directed contributions to a 401(k) plan, which often involve fractional share purchases.

Stakeholder Impact

• Shareholders: The acquisition by a Senior Vice President, though small, may be viewed as a minor positive signal of management's continued investment in the company.

Key Dates

Recommendation

Keywords

Erie Indemnity, ERIE, Form 4, Insider Transaction, Stock Acquisition, 401(k) Plan, Anthony DaBreo, Class A Common Stock