Cook Cody 4
Research Summary
AI-generated summary
Erie Indemnity Exec VP Cody Cook Acquires 7 Shares
What Happened
- Cody Cook, Executive Vice President of Erie Indemnity Company (ERIE), recorded an acquisition of 6.93 share credits on January 31, 2026 at an effective price of $283.01 per share, totaling about $1,961. The Form 4 reports this as a J-code "other acquisition" transaction (not an open-market buy).
Key Details
- Transaction date and price: 2026-01-31, 6.93 shares at $283.01 each (total ≈ $1,961).
- Transaction type/code: J — Other acquisition or disposition (participant-directed deferral/plan credit).
- Mechanism: Participant-directed transaction under the company 401(k) plan and Incentive Compensation Deferral Plan (see footnotes F1 and F3).
- Shares owned after transaction: Not specified on this Form 4.
- Filing date: Form filed 2026-02-02 (no late-filing flag indicated in the filing).
Context
- These are Share Credits under Erie’s Incentive Compensation Deferral Plan (footnote F3): bookkeeping credits that entitle the participant to receive an equivalent number of Class A shares when they retire or separate from service. This is a plan/deferral movement rather than an open-market purchase or sale, so it’s a routine internal/retirement-plan transaction rather than a direct market signal of confidence.