Cook Cody 4
4 · ERIE INDEMNITY CO · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity (ERIE) EVP Cody Cook Acquires ~5 Shares
What Happened
Cody Cook, Executive Vice President of Erie Indemnity Company (ERIE), was credited 4.935 share credits on Feb 28, 2026 at an attributable price of $269.44 per share, a total value of approximately $1,330. This was recorded as an "other acquisition" (code J) and represents an internal plan credit rather than an open-market purchase.
Key Details
- Transaction date: 2026-02-28; Filing date: 2026-03-03. (Filing appears timely.)
- Quantity and price: 4.935 shares × $269.44 = ~$1,330.
- Shares owned after transaction: not disclosed on the Form 4.
- Footnotes:
- F1 — Participant-directed transaction under the company 401(k) Plan.
- F2 — Conversion price not applicable under the Incentive Compensation Deferral Plan.
- F3 — These are Share Credits (right to receive equivalent Class A shares upon retirement/separation); no exercise or expiration dates.
- Transaction type: internal credit under benefit/deferral plan (code J), not an open-market buy.
Context
Share Credits are bookkeeping credits under Erie’s Incentive Compensation Deferral Plan and 401(k) arrangements that convert to actual Class A common stock only when the employee retires or leaves the company. Such plan-driven credits are routine and typically reflect compensation/deferral elections rather than a direct insider signal about near-term views on the stock. The dollar amount here (~$1.3K) is small and does not by itself indicate a material change in insider sentiment.
Insider Transaction Report
- Other
Class A Common Stock
[F1]2026-02-28$269.44/sh+4.935$1,330→ 1,120.88 total
- 1,276.289
Incentive Compensation Deferral Plan Share Credits
[F2][F3]→ Class A Common Stock (1,276.289 underlying)
Footnotes (3)
- [F1]Participant directed transaction under 401(k) Plan.
- [F2]Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- [F3]The shares subject to this reporting are Share Credits which are periodically credited to the accounts of a select group of management and highly compensated employees of Erie Indemnity Company pursuant to its Incentive Compensation Deferral 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 retires or otherwise separates from service with the Company. There are no exercisable or expiration dates for these securities.