Srinivasa Parthasarathy 4

What Happened Srinivasa Parthasarathy, EVP and Chief Information Officer of Erie Indemnity Company (ERIE), was credited with 614.724 share credits on March 13, 2026. The reporting shows an acquisition (derivative) valued at $246.91 per share, totaling approximately $151,782. This was not an open-market purchase or sale but a credit under the company’s Incentive Compensation Deferral Plan.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (within the typical 2-business-day filing window).
• Transaction type/code: Other acquisition or disposition (code J) — derivative/share credit.
• Shares credited: 614.724 at $246.91 per share; total value ≈ $151,782.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F2: Credits were acquired under the Incentive Compensation Deferral Plan from an Annual Incentive Plan award.
  • F1/F3: Conversion price not applicable; these are Share Credits that entitle the holder to receive equivalent Class A common stock upon retirement or separation. There are no exercisable or expiration dates for these credits.

Context Share credits under a deferral plan represent a non-cash award or deferral of compensation, not an immediate purchase of tradable shares. They convert to actual shares (or equivalent) only upon specified separation events (e.g., retirement), so this transaction is administrative/compensation-related rather than an indication of open-market buying or selling.