BORNEMAN J RALPH JR 4

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.