HARTZ CHARLES SCOTT 4
4 · ERIE INDEMNITY CO · Filed Jan 22, 2026
Research Summary
AI-generated summary of this filing
ERIE Director Charles Hartz Receives 99.8 Share Credits
What Happened
Charles Scott Hartz, a director of Erie Indemnity Company (ERIE), was credited with 99.793 share credits on January 21, 2026. The reported per-share value for the credit was $279.90, for a total notional value of about $27,932. This transaction is an "other acquisition" (code J) and represents a derivative credit under the company's directors' deferred compensation/stock plan rather than an open-market purchase of Class A shares.
Key Details
- Transaction date: 2026-01-21; filing date: 2026-01-22 (timely filing).
- Reported amount: 99.793 share credits at $279.90 each; total ~$27,932.
- Transaction type: Derivative "other acquisition" (Form 4 code J) — Share Credits, not immediate stock.
- Shares owned after transaction: Not disclosed on the Form 4 provided.
- Footnotes:
- F2: Acquired via dividend reinvestment under the Directors' Deferred Compensation Plan.
- F3: These Share Credits represent the right to receive an equivalent number of Class A shares when the director's service ends; there are no exercise or expiration dates.
- F1: Conversion price not applicable to shares under the Outside Directors' Deferred Compensation Plan.
Context
Share Credits are a form of deferred director compensation that entitles the director to receive actual ERIE Class A shares later (typically when service ends). This is a routine, non-cash compensation event and should be viewed as plan mechanics rather than an immediate buy/sell signal.
Insider Transaction Report
- Other
Directors' Deferred Compensation Share Credits
[F1][F2][F3]2026-01-21$279.90/sh+99.793$27,932→ 19,119.677 totalExercise: $0.00→ Class A Common Stock (99.793 underlying)
- 1,097.427(indirect: By Trust)
Class A Common Stock
Footnotes (3)
- [F1]Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- [F2]Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- [F3]The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan. These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.