Hudson Brian Arden Sr. 4

What Happened
Hudson Brian Arden Sr., a director of Erie Indemnity Company (ERIE), was credited with 17.389 Share Credits on 2026-01-21 at an attributed price of $279.90 per share, a notional value of approximately $4,867. The filing records this as an "other acquisition or disposition" (transaction code J) and classifies the entry as a derivative (Share Credits rather than immediate issuance of common stock). This is a routine director compensation credit, not an open-market purchase.

Key Details

• Transaction date and price: 2026-01-21; 17.389 Share Credits @ $279.90 each; total ≈ $4,867.
• Transaction type: Code J — Other acquisition/disposition (derivative Share Credits).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Filing date: 2026-01-22 (timely filing).
• Notable footnotes:
  • Share Credits are awarded under the Outside Directors' Stock Plan / Directors' Deferred Compensation Plan (F1–F3).
  • Credits may include dividend reinvestment (F2).
  • Share Credits represent the right to receive equivalent Class A common shares when the director's service ends; there are no exercisable or expiration dates (F3).

Context
Share Credits are a form of deferred compensation for directors that give the holder the right to receive company shares in the future; they are common and do not represent an immediate market purchase or sale. Because this is a routine plan credit (derivative), it should be viewed as compensation administration rather than a direct signal of the director's view on the stock.