BORNEMAN J RALPH JR 4
4 · ERIE INDEMNITY CO · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity Director J. Ralph Borneman Jr Receives 39.47 Shares
What Happened J. Ralph Borneman Jr, a director of Erie Indemnity Company (ERIE), was credited 39.474 derivative share units on January 31, 2026. The filing values the units at $283.01 each for a total of $11,172. This was an acquisition through the company’s directors’ deferred compensation/stock plan (not an open-market purchase).
Key Details
- Transaction date: 2026-01-31; Form 4 filed: 2026-02-02 (Accession: 0001628280-26-004488).
- Amount: 39.474 share credits at $283.01 per unit; total value reported $11,172.
- Transaction type: Code J — “other acquisition or disposition” (derivative share credits).
- These are Share Credits under the Outside Directors' Stock Plan/Directors' Deferred Compensation Plan (Footnotes F1–F3).
- Shares owned after transaction: not specified in the Form 4.
- Filing timeliness: Form 4 was filed on Feb 2, 2026 (no late-filing flag noted in the filing).
Context These share credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares when the director’s service ends; they are not exercisable securities with expiration dates. Because this is a deferred-compensation credit (not an open-market buy or sale), it’s primarily a routine compensation event rather than a direct signal of the insider’s market view.
Insider Transaction Report
- Other
Directors' Deferred Compensation Share Credits
[F1][F2][F3]2026-01-31$283.01/sh+39.474$11,172→ 20,263.725 totalExercise: $0.00→ Class A Common Stock (39.474 underlying)
- 10,000(indirect: By Trust)
Class A Common Stock
Footnotes (3)
- [F1]Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- [F2]Acquired under Directors' Deferred Compensation Plan.
- [F3]The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan. These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.