Dugan Sean 4

What Happened Sean Dugan, Executive Vice President of Erie Indemnity Company (ERIE), acquired 224.535 Share Credits on March 13, 2026. The report shows a derivative acquisition at an attributed price of $246.91 per share, valued at approximately $55,440. This was recorded as an "Other acquisition or disposition (J)"—a derivative award under the company’s Incentive Compensation Deferral Plan, not an open-market stock purchase.

Key Details

• Transaction date and terms: 224.535 Share Credits on 2026-03-13 at $246.91 per share (total ≈ $55,440). Code J = other acquisition (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes (summary):
  • F1: Conversion price not applicable to shares granted under the Deferral Plan.
  • F2: These credits were acquired from an Annual Incentive Plan award and credited under the Incentive Compensation Deferral Plan.
  • F3: Share Credits represent the right to receive equivalent Class A common stock upon the reporting person’s retirement or separation; there are no exercisable or expiration dates.
• Filing timeliness: Report filed 2026-03-16 for a 2026-03-13 transaction; filing appears timely (no late filing flagged).

Context These Share Credits are a deferred-compensation derivative — they represent a future right to receive ERIE Class A shares upon separation/retirement and are not immediately tradable. Such plan-based credits are common for executives and are not the same as an open-market buy or immediate stock sale; they should be interpreted as part of compensation rather than a direct trading signal.