Hagen Jonathan Hirt 4
4 · ERIE INDEMNITY CO · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity Director Hagen Hirt Receives 39.474 Share Credits
What Happened
Director Hagen Jonathan Hirt acquired 39.474 "Share Credits" on January 31, 2026, recorded as an other acquisition (code J) of a derivative right. The filing lists a per-share/credit value of $283.01, for a notional value of approximately $11,172. These were credited under the company’s directors’ deferred compensation arrangements rather than as an open-market stock purchase.
Key Details
- Transaction date: 2026-01-31; Form 4 filed: 2026-02-02 (appears filed within the normal 2-business-day window).
- Reported instrument: Share Credits (derivative right to receive Class A common stock later).
- Amount: 39.474 share credits at $283.01 each; total notional value ≈ $11,172.
- Shares owned after the transaction: not specified in the provided filing.
- Notable footnotes in the filing:
- F3/F4: Acquired under the Directors' Deferred Compensation Plan; these Share Credits represent the right to receive an equivalent number of Class A shares when the director's service ends and have no exercise/expiration dates.
- F2: Conversion price not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- F1/F5: Additional filing notes explain a disclaimer of beneficial ownership for securities held by a family member (F1) and the company’s Class B→Class A conversion rules (F5).
Context
Share Credits are deferred-compensation bookkeeping units that convert to actual Class A shares (or their value) when the director leaves service; they are not an immediate open-market purchase and do not indicate an active cash investment. Such deferred awards are routine for non-employee directors and should be viewed as compensation rather than a direct market signal.
Insider Transaction Report
- Other
Directors' Deferred Compensation Share Credits
[F2][F3][F4]2026-01-31$283.01/sh+39.474$11,172→ 16,856.998 totalExercise: $0.00→ Class A Common Stock (39.474 underlying)
- 223,130
Class A Common Stock
- 200(indirect: By Daughter)
Class A Common Stock
[F1] - 200(indirect: By Son)
Class A Common Stock
[F1] - 1
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (2,400 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 1,170(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (2,808,000 underlying)
Footnotes (5)
- [F1]Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- [F2]Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- [F3]Acquired under Directors' Deferred Compensation Plan.
- [F4]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.
- [F5]Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.