Vorsheck Elizabeth A 4
Research Summary
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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.