Palmer Thomas W 4
4 · ERIE INDEMNITY CO · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity Director Thomas W. Palmer Receives 39.474 Share Credits
What Happened Thomas W. Palmer, a director of Erie Indemnity Company (ERIE), received 39.474 share credits on January 31, 2026. The reporting lists these as a derivative acquisition (code J) at an attributable value of $283.01 per share, totaling $11,172. This was not an open-market purchase or sale but a crediting of deferred-compensation share units.
Key Details
- Transaction date and value: Jan 31, 2026 — 39.474 share credits at $283.01 each; total $11,172.
- Transaction type: Derivative "other acquisition" (code J) — Share Credits under the Outside Directors' Stock Plan / Directors' Deferred Compensation Plan.
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes:
- F1: Conversion price not applicable to shares under the Outside Directors' Deferred Compensation Plan.
- F2: Acquired under the Directors' Deferred Compensation Plan.
- F3: These are Share Credits that reflect the right to receive equivalent Class A shares when the director's service ends; no exercisable or expiration dates.
- Filing timeliness: Report filed Feb 2, 2026 for a Jan 31, 2026 transaction — appears timely (no late filing indicated).
Context Share Credits are a form of deferred compensation for outside directors and represent a future right to receive company shares, not immediate ownership of tradeable stock. Such credits are routine director compensation and do not reflect an open-market buy or sale; they should not be read as a direct trading signal.
Insider Transaction Report
- Other
Directors' Deferred Compensation Share Credits
[F1][F2][F3]2026-01-31$283.01/sh+39.474$11,172→ 15,587.581 totalExercise: $0.00→ Class A Common Stock (39.474 underlying)
- 770(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.