Hagen Thomas B 4
Research Summary
AI-generated summary
Erie Indemnity Director Thomas B. Hagen Acquires 39.475 Shares
What Happened
- Thomas B. Hagen, a director of Erie Indemnity Company (ERIE), recorded an acquisition of 39.475 share credits (derivative securities) on April 20, 2026. The filing lists a per-share value of $253.63, giving a total value of approximately $10,012. This was an acquisition under the company's Directors' Deferred Compensation Plan, not an open-market purchase of Class A common stock.
Key Details
- Transaction date: 2026-04-20; Filing date: 2026-04-22 (timely filing).
- Transaction type: Other acquisition (derivative share credits) under the Directors' Deferred Compensation Plan.
- Quantity and value: 39.475 share credits @ $253.63 each = $10,012 (reported).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes: F4 confirms acquisition under the Directors' Deferred Compensation Plan; F5 explains these "share credits" are rights to receive an equivalent number of Class A shares when the director's service ends (no exercise/expiration dates). Footnotes F1 and F2 include ownership disclaimers relating to certain family/trust holdings and limited partner interests; the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
Context
- This was a deferred-compensation credit (derivative right), not an immediate purchase of tradable common stock. Such credits typically convert to actual shares in the future (e.g., when director service ends) and do not necessarily indicate near-term buying or selling intent.