Hagen Jonathan Hirt 4
Research Summary
AI-generated summary
Erie Indemnity (ERIE) Director Jonathan Hirt Acquires 88 Derivative Shares
What Happened
- Jonathan Hirt, a director of Erie Indemnity Company (ERIE), recorded an other acquisition (code J) of 87.826 derivative shares on 2026-01-21 at an attributable value of $279.90 per share, totaling $24,582. The filing classifies these as derivative Share Credits rather than immediately deliverable Class A shares.
Key Details
- Transaction date and price: 2026-01-21 at $279.90 per share; total value $24,582.
- Quantity: 87.826 derivative shares (reported as Share Credits).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: F4 indicates these are Share Credits under the Outside Directors' Stock Plan (rights to receive equivalent Class A shares when director service ends). F3 and F1 appear in the filing set — F3 references dividend reinvestment for directors' plans and F1 notes certain holdings are held by a family member and disclaimed for beneficial ownership.
- Timeliness: Filing date 2026-01-22 for a 2026-01-21 transaction; no late filing is indicated.
Context
- These are derivative Share Credits (not an open-market purchase of shares). Share Credits represent the right to receive shares in the future (typically when a director’s service ends) and have no exercise or expiration date per the plan description. Such plan-driven credits are routine for directors and do not necessarily reflect a near-term change in trading intent.