Cook Cody 4
Research Summary
AI-generated summary
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.