CONNELL EUGENE C 4

What Happened
Eugene C. Connell, a director of Erie Indemnity Company (ERIE), had 17.389 Share Credits credited to his account on Jan 21, 2026. The reporting shows an "other acquisition" (derivative) at $279.90 per share for a total value of $4,867. This transaction reflects credits under the Outside Directors' Deferred Compensation/Stock Plan rather than an open-market stock purchase.

Key Details

• Transaction date: 2026-01-21 (reported on Form 4 filed 2026-01-22 — timely filing).
• Transaction type/code: Other acquisition (J); derivative Share Credits.
• Amount/price/value: 17.389 share credits at $279.90 each; total ~$4,867.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes:
  • F4: These are Share Credits that entitle the director to receive equivalent Class A shares when service ends; no exercise/expiration dates.
  • F2: Conversion price not applicable to Outside Directors' Deferred Compensation Plan grants.
  • F3: Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
  • F1: Some reported shares are held by the reporting person's children living in his household; the reporting person disclaims beneficial ownership of those shares.

Context
Share Credits are bookkeeping rights under the directors' deferred compensation/stock plan and convert to actual Class A shares only when the director's service ends. They are derivative in nature and are different from an immediate open-market purchase or sale. This form reports an acquisition of deferred compensation credits rather than a tradable stock purchase.