Hagen Jonathan Hirt 4
4 · ERIE INDEMNITY CO · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
ERIE Director Jonathan Hirt Acquires 39.475 Share Credits
What Happened
Jonathan Hirt, a director of Erie Indemnity Company (ERIE), reported an "other acquisition" of 39.475 Share Credits (a derivative interest) on 2026-04-20. The filing lists an attributed price of $253.63 per share, for a total value of $10,012. These Share Credits were credited under the Directors' Deferred Compensation Plan and represent the right to receive an equivalent number of Class A common shares when his service as a director ends.
Key Details
- Transaction date: 2026-04-20; Form 4 filed 2026-04-21 (filed promptly).
- Transaction type/code: Other acquisition (derivative Share Credits).
- Price/value: $253.63 per share; total $10,012 (reported).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F3/F4: Acquired under the Directors' Deferred Compensation Plan; Share Credits give the right to receive Class A shares upon end of service and have no exercise/expiration dates.
- F1: Reported securities are held by a family member and the reporting person disclaims beneficial ownership for these reported securities.
- Not a cash/open-market purchase or sale — this is deferred-compensation credit.
Context
Share Credits are a form of deferred compensation for directors and do not represent immediately tradable stock; they simply entitle the director to receive shares later (typically when service ends). Because this is a deferred-compensation credit rather than an open-market buy or a sale, it is a routine director compensation event and not a direct market signal of immediate buying or selling.
Insider Transaction Report
- Other
Directors' Deferred Compensation Share Credits
[F2][F3][F4]2026-04-20$253.63/sh+39.475$10,012→ 16,896.473 totalExercise: $0.00→ Class A Common Stock (39.475 underlying)
- 223,130
Class A Common Stock
- 200(indirect: By Daughter)
Class A Common Stock
[F1] - 200(indirect: By Son)
Class A Common Stock
[F1] - 1
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (2,400 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 1,170(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (2,808,000 underlying)
Footnotes (5)
- [F1]Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- [F2]Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- [F3]Acquired under Directors' Deferred Compensation Plan.
- [F4]The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock 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's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.
- [F5]Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.