Vorsheck Elizabeth A 4
Research Summary
AI-generated summary
ERIE (ERIE) Elizabeth A. Vorsheck (10% Owner) Receives Stock Award
What Happened
Elizabeth A. Vorsheck (reported as a 10% owner) received a grant of 74.737 Share Credits under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors on January 21, 2026. The reported acquisition price is $0.00 (derivative award). These Share Credits are rights to receive an equivalent number of Erie Indemnity Class A common shares when the director’s service ends; there are no exercise or expiration dates.
Key Details
- Transaction date: 2026-01-21; Form 4 filed: 2026-01-23 (timely filing).
- Transaction type/code: A (Grant/Award/Acquisition of derivative Share Credits).
- Shares credited: 74.737 Share Credits; reported acquisition price: $0.00; total reported value: $0.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes of note:
- F2: Number of Share Credits was determined under the Plan based on the Class A closing price on Jan 21, 2026 (dividend reinvestment provisions).
- F3: Share Credits represent the right to receive an equivalent number of Class A shares when the reporting person’s director service ends; no exercise/expiration dates.
- F1 & F4: Conversion price not applicable to these Plan shares; separately, Class B shares (voting) are convertible to Class A at 2,400:1 per the charter (general conversion feature).
Context
This was a compensation-related, derivative crediting under a director deferred-compensation plan (not an open-market purchase or sale). Such credits are routine director compensation and do not reflect an immediate market transaction or cash outlay; they entitle the director to receive shares later per the Plan terms.