Bolash Brian W. 4

What Happened

Brian W. Bolash, EVP, Secretary and General Counsel of Erie Indemnity Company (ERIE), was credited with 16.323 share credits on Jan 21, 2026. The filing values these share credits at $279.90 each, totaling about $4,569. This was an acquisition of derivative share credits under ERIE’s Incentive Compensation Deferral Plan (not an open-market stock purchase).

Key Details

• Transaction date: 2026-01-21; Form 4 filed 2026-01-23 (two days later).
• Transaction type/code: Other acquisition (Code J) — derivative acquisition of 16.323 share credits.
• Price/value shown: $279.90 per share-credit; total ≈ $4,569.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F2: Acquired under dividend reinvestment for the Incentive Compensation Deferral Plan.
  • F3: These are Share Credits (rights to receive equivalent Class A shares when the holder retires or separates); no exercise or expiration dates.
  • F1: Conversion price not applicable to these deferred-plan shares.

Context

Share Credits are a form of deferred compensation: they represent the right to receive company stock later (typically upon retirement or separation) and are not immediately tradable common shares. Such credits are routine under deferred-compensation plans and differ from open-market purchases or option exercises. The Form 4 was filed two days after the transaction, generally within the SEC’s two-business-day reporting window.