Palmer Thomas W 4

What Happened

• Thomas W. Palmer, a director of Erie Indemnity Company (ERIE), was credited 81.228 Share Credits on Jan 21, 2026. The reported per-share value was $279.90, for a total reported value of $22,736. This is recorded as a derivative acquisition (Form 4 code J), not an open-market purchase.

Key Details

• Transaction date: 2026-01-21; Filing date: 2026-01-22 (timely filing).
• Amount: 81.228 share credits at $279.90 each; total value reported $22,736.
• Shares owned after transaction: not specified in the filing.
• Transaction type: Derivative "other acquisition" (code J) — Share Credits under the Outside Directors' plans, not a market trade.
• Relevant footnotes from the filing:
  • F3: These Share Credits are credited under the Outside Directors' Stock Plan and represent the right to receive an equivalent number of Class A shares when the director's service ends; there are no exercisable or expiration dates.
  • F2: Notes that some acquisitions under the Directors' Deferred Compensation Plan may be via dividend reinvestment.
  • F1: Conversion price not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.

Context

• Share Credits are a form of deferred compensation for directors and do not represent an immediate purchase or sale of common stock. They entitle the director to receive equivalent Erie Class A shares later (typically when service ends) and therefore are routine compensation, not a direct bullish or bearish market signal.