Pelkowski Julie Marie 4
Research Summary
AI-generated summary
ERIE (ERIE) CFO Julie Pelkowski Receives Share Credits
What Happened
Julie Marie Pelkowski, Executive Vice President & Chief Financial Officer of ERIE Indemnity Company (ERIE), was credited with 5.172 share credits on January 31, 2026. The reported per-share value was $283.01, for a total reported value of $1,464. The transaction is coded as an "other acquisition" (code J) and reflects allocation of Share Credits rather than an open-market purchase.
Key Details
- Transaction date: 2026-01-31; filing date (Form 4): 2026-02-02 (appears timely).
- Transaction: 5.172 Share Credits @ $283.01 each = $1,464 (acquired).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnotes:
- F1: Participant-directed transaction under a 401(k) Plan.
- F2: Conversion price not applicable to shares under the Incentive Compensation Deferral Plan.
- F3: These Share Credits represent the right to receive equivalent Class A shares upon retirement or separation; they have no exercise or expiration dates.
- Transaction code: J (other acquisition/disposition).
Context
Share Credits are bookkeeping credits under ERIE’s Incentive Compensation Deferral Plan (and in this case directed via a 401(k) plan), meaning the insider did not buy shares on the open market and does not receive stock immediately. Such credits typically convert to actual shares only upon separation or retirement, so this is not an immediate bullish or bearish trading signal.