Datesh LuAnn 4
Research Summary
AI-generated summary
Erie Indemnity Director LuAnn Datesh Receives 39.475 Share Credits
What Happened
- LuAnn Datesh, a director of Erie Indemnity Company (ERIE), was credited with 39.475 share credits on 2026-04-20. The filing reports an acquisition-equivalent value of $253.63 per share, totaling approximately $10,012.
- This was reported as an "other acquisition or disposition (J)" and represents derivative Share Credits under the Outside Directors' Stock Plan and the Directors' Deferred Compensation Plan — not an open-market purchase of common stock.
Key Details
- Transaction date: 2026-04-20; Filing date: 2026-04-21 (timely Form 4 filing).
- Reported unit price/value: $253.63 per share; total value ≈ $10,012.
- Security type: Share Credits (derivative right to receive equivalent Class A common stock when director service ends).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1—conversion price not applicable to these deferred shares; F2—acquired under Directors' Deferred Compensation Plan; F3—Share Credits convert to Class A shares upon end of service and have no exercise or expiration dates.
Context
- Share Credits are deferred-compensation awards for outside directors; they give the right to receive company stock later and do not represent immediate tradable shares. Such credits are routine director compensation and do not necessarily indicate a buy or sell signal for investors.