Smith Douglas Edward 4
Research Summary
AI-generated summary
ERIE EVP Douglas E. Smith Buys 2.58 Shares via 401(k)
What Happened
- Douglas E. Smith, Executive Vice President of ERIE Indemnity Co. (ERIE), acquired 2.579 shares at $283.01 per share on January 31, 2026, for a total value of approximately $730. The Form 4 records this as an "other acquisition or disposition" (code J) and the transaction was participant-directed under a 401(k) plan. This is a small purchase through a retirement plan rather than an open-market investment decision.
Key Details
- Transaction date and price: 2026-01-31 — 2.579 shares at $283.01/share.
- Total value: ≈ $730.
- Filing date: 2026-02-02 (filed two days after the transaction; appears timely).
- Shares owned after transaction: Not reported in the provided excerpt.
- Footnote: F1 — Participant-directed transaction under 401(k) Plan.
- Transaction code: J (other acquisition/disposition).
Context
- Participant-directed 401(k) transactions are typically routine (contributions or plan-directed purchases) and do not necessarily reflect a deliberate market view by the insider. This was a modest retirement-plan acquisition, not an option exercise, gift, or open-market trade.