Datesh LuAnn 4
Research Summary
AI-generated summary
ERIE Director LuAnn Datesh Receives 39 Share Credits (Deferred Comp)
What Happened
- LuAnn Datesh, a director of Erie Indemnity Company (ERIE), was credited with 39.474 Share Credits on 2026-01-31. The reporting entry values the credit at $283.01 per share for a total of approximately $11,172. The transaction is coded as an "other acquisition or disposition" (Code J) and is a derivative-type award under the company's Outside Directors' Deferred Compensation/Stock Plan — not an open-market purchase of Class A common stock.
Key Details
- Transaction date: 2026-01-31; filing date: 2026-02-02 (filed two days after the transaction).
- Reported price/value: $283.01 per share; total value ≈ $11,172.
- Amount: 39.474 Share Credits (derivative right to receive equivalent Class A shares later).
- Shares owned after transaction: Not specified in the report.
- 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 an equivalent number of Class A shares when the director’s service ends; there are no exercisable or expiration dates.
- Transaction code: J (other acquisition/disposition of a derivative security).
Context
- Share Credits are a form of deferred compensation for directors. They represent a future right to receive shares when service ends rather than immediately tradable Class A stock, so this is routine compensation-related crediting rather than a market-timed purchase or sale by the director.