Cipriani Marc 4

What Happened
Marc Cipriani, Senior Vice President of Erie Indemnity Company (ERIE), was credited with 11.489 Share Credits on January 21, 2026. The reporting shows an acquisition at an economic price of $279.90 per share, totaling $3,216. This was not an open-market purchase or sale of stock but a credit under the company’s Incentive Compensation Deferral Plan.

Key Details

• Transaction date and price: 2026-01-21 at $279.90 per share for 11.489 shares (total reported value $3,216).
• Transaction type: Other acquisition (code J) — derivative Share Credits credited under the Incentive Compensation Deferral Plan.
• Footnotes: F2 indicates these were acquired via dividend reinvestment; F1 notes conversion price not applicable; F3 explains Share Credits represent the right to receive equivalent Class A shares upon retirement or separation and have no exercise or expiration dates.
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Form 4 filed Jan 23, 2026 (timely filing within the standard two-business-day window).

Context
Share Credits are a form of deferred compensation — they represent the right to receive shares later (e.g., at retirement or separation) and do not convey immediate tradable shares. Such credits are a routine compensation/deferral mechanism and do not by themselves indicate a buy or sell sentiment.