Palmer Thomas W 4

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.