Vorsheck Elizabeth A 4
4 · ERIE INDEMNITY CO · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
ERIE Director Elizabeth A. Vorsheck Receives 39.475 Share Award
What Happened
Elizabeth A. Vorsheck, reported as a 10% owner and an outside director of Erie Indemnity Company (ERIE), received an award of 39.475 share-equivalents (Share Credits) on April 20, 2026. The filing lists the acquisition as a derivative award at $0.00 per share (total reported value $0). This is a non‑purchase director compensation credit rather than an open‑market buy or sale.
Key Details
- Transaction date: 2026-04-20; Form 4 filed: 2026-04-22 (timely filing).
- Transaction type/code: A — Grant/Award (derivative Share Credits).
- Amount: 39.475 share-equivalents; price reported $0.00; total $0.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes of note:
- F2: These are Share Credits under the Outside Directors' Stock Plan — a right to receive the equivalent number of Class A common shares when the director’s service ends; no exercise or expiration dates.
- F1: Conversion price not applicable to shares under the Deferred Compensation Plan for Outside Directors.
- F3: Company charter allows conversion of Class B voting shares to Class A non-voting shares at a stated conversion rate (2,400 Class A per 1 Class B); no exercise/expiration dates tied to that conversion feature.
Context
This transaction is routine director compensation (deferred/share-credit award), not an open‑market purchase or sale. Share Credits are derivative rights to future stock delivery and do not indicate an immediate cash investment or sale by the director.
Insider Transaction Report
- Award
Directors' Deferred Compensation Share Credits
[F1][F2]2026-04-20+39.475→ 14,378.251 totalExercise: $0.00→ Class A Common Stock (39.475 underlying)
- 324,300(indirect: By Trust)
Class A Common Stock
- 3,000,000(indirect: By Partnership)
Class A Common Stock
- 686(indirect: By Trust)
Class A Common Stock
- 193,679(indirect: By Trust)
Class A Common Stock
- 69,716
Class A Common Stock
- 372,565(indirect: By Trust)
Class A Common Stock
- 1,170(indirect: By Trust)
Class B Common Stock
[F3]Exercise: $0.00→ Class A Common Stock (2,808 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F3]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F3]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying)
Footnotes (3)
- [F1]Conversion price is not applicable to shares granted under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors (the "Plan").
- [F2]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.
- [F3]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.