Correnti Salvatore 4
4 · ERIE INDEMNITY CO · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity (ERIE) Director Salvatore Correnti Receives Share Credits
What Happened Salvatore Correnti, a director of Erie Indemnity Company (ERIE), was credited with 39.474 share credits on January 31, 2026. The filing values those derivative share credits at $283.01 each, for a notional total of $11,172. This was recorded as an "other acquisition" (transaction code J) under the Outside Directors' Deferred Compensation Plan — a non-cash deferred compensation credit rather than an open-market purchase.
Key Details
- Transaction date: 2026-01-31; reported on Form 4 filed 2026-02-02 (timely filing).
- Price/value reported: $283.01 per share credit; total value $11,172 (derivative).
- Shares credited: 39.474 share credits (fractional shares).
- Shares owned after transaction: Not specified in the filing.
- Relevant footnotes:
- F1: Conversion price not applicable to shares under the Outside Directors' Deferred Compensation Plan.
- F2: Acquired under Directors' Deferred Compensation Plan.
- F3: These "Share Credits" represent the right to receive equivalent Class A common shares when the director’s service ends; no exercisable or expiration dates.
- Transaction code: J (other acquisition or disposition); this is a deferred-compensation credit, not a market trade.
Context Share credits under director deferred-comp plans are common and represent future delivery rights to company stock when service terminates; they are not immediate purchases of tradable shares. Such credits are routine compensation and should be viewed differently than open-market insider buys or sells.
Insider Transaction Report
- Other
Directors' Deferred Compensation Share Credits
[F1][F2][F3]2026-01-31$283.01/sh+39.474$11,172→ 2,726.128 totalExercise: $0.00→ Class A Common Stock (39.474 underlying)
- 320
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.