Form 4: Erie Indemnity SVP Buys Shares in 401(k) Plan

Erie Indemnity Co. Senior Vice President, Anthony DaBreo, acquired 2.55 shares of Class A Common Stock through a participant-directed 401(k) plan.

Summary

• Anthony DaBreo, Senior Vice President, Life at Erie Indemnity Co. (ERIE), acquired 2.55 shares of Class A Common Stock.
• The transaction occurred on February 28, 2026, at a price of $269.44 per share.
• This acquisition was a participant-directed transaction under a 401(k) Plan, indicated by transaction code 'J'.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Mr. DaBreo directly beneficially owns 1,361.707 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While an insider acquisition is generally positive, the very small number of shares and the routine 401(k) plan nature suggest it's not a significant discretionary investment.

Positives

• An insider, Senior Vice President Anthony DaBreo, acquired shares, which can be seen as a minor signal of confidence in the company's future.
• The transaction was part of a pre-planned 401(k) participant-directed plan, indicating routine investment rather than a reactive purchase.

Negatives

• The number of shares acquired (2.55 shares) is very small, suggesting it is a routine, non-discretionary purchase rather than a significant investment decision.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider acquisitions through 401(k) plans are common and generally do not reflect a specific market view or strategic shift, unlike large open-market purchases.

Stakeholder Impact

• Shareholders: Minimal direct impact due to the small transaction size; however, it signals continued routine insider investment.
• Employees: The transaction highlights the availability and use of employee benefit plans like 401(k)s for stock acquisition.

Key Dates

Recommendation

This Form 4 reports a very small, routine acquisition of shares by a Senior Vice President through a 401(k) plan. Such transactions, especially when pre-planned under Rule 10b5-1(c), are not typically indicative of significant new information or a strong discretionary investment signal. Therefore, it does not provide sufficient new information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Erie Indemnity, ERIE, Anthony DaBreo, insider trading, Form 4, 401(k), stock acquisition, Class A Common Stock, Rule 10b5-1