Correnti Salvatore 4

What Happened Salvatore Correnti, a director of Erie Indemnity Company (ERIE), was credited with 14.375 share credits on 2026-01-21 at an effective price of $279.90 per share, a notional value of about $4,024. The transaction is reported as an "other acquisition or disposition (J)" and involves derivative Share Credits under the company's Outside Directors' plans rather than an open-market purchase of tradable stock.

Key Details

• Transaction date: 2026-01-21; Form 4 filed 2026-01-22 (timely).
• Quantity and price: 14.375 share credits @ $279.90; reported value ~$4,024.
• Security type: Derivative Share Credits under the Outside Directors' Stock/Deferred Compensation plans (not immediate Class A common shares).
• Shares owned after transaction: Not reported on this filing.
• Footnotes: F1—conversion price not applicable for deferred comp shares; F2—acquired via dividend reinvestment for Directors' Deferred Compensation Plan; F3—Share Credits represent the right to receive equivalent Class A shares when the director's service ends; no exercise/expiration dates.
• Transaction code: J = other acquisition/disposition.

Context This is a routine director compensation/dividend-reinvestment credit, not an open-market buy or sale of tradable shares. Share Credits are bookkeeping rights to receive shares later and do not immediately change the tradable float. The takeaway for investors: it's a small, routine director compensation event rather than a direct personal market bet.