Pelkowski Julie Marie 4

What Happened Julie Marie Pelkowski, Executive Vice President & Chief Financial Officer of Erie Indemnity Company (ERIE), acquired 9.335 share credits on 2026-01-21 at an attributed price of $279.90 per share for a total value of about $2,613. The transaction is coded as an "other acquisition" (code J) and represents share credits under Erie’s Incentive Compensation Deferral Plan rather than immediately issued common stock.

Key Details

• Transaction date and price: 2026-01-21 at $279.90 per share.
• Quantity and value: 9.335 share credits, total ≈ $2,613.
• Filing: Form 4 filed 2026-01-23 (appears timely; Form 4 is generally due within two business days).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note:
  • F2: Acquisition occurred via dividend reinvestment under the Incentive Compensation Deferral Plan.
  • F3: These are "Share Credits" — rights to receive equivalent Class A common stock upon retirement or separation; no exercise/expiration dates.
  • F1: Conversion price not applicable to these deferred-share credits.
• Transaction code J denotes "other acquisition or disposition."

Context This was not an open-market purchase of issued shares but a crediting of deferred-share rights tied to Pelkowski’s compensation plan (common for management under deferral plans). Such share credits do not transfer immediate voting rights or issued shares; they represent a future entitlement to Company Class A shares upon separation or retirement. This type of transaction is typically administrative and does not necessarily signal a trading view on the company's stock.