HARTZ CHARLES SCOTT 4

What Happened

• Charles Scott Hartz, a director of Erie Indemnity Co. (ERIE), was credited with 39.475 Share Credits on 2026-04-20. The notional price used was $253.63 per share, giving a total value of about $10,012. This was recorded as an "other acquisition" of a derivative security (transaction code J) under the company’s directors’ deferred compensation arrangements. This is an accrual under a compensation plan rather than an open-market stock purchase.

Key Details

• Transaction date: 2026-04-20; Form 4 filed: 2026-04-22 (filed two days after the transaction).
• Security: 39.475 Share Credits acquired at $253.63 per share (notional value $10,012).
• Transaction code: J — Other acquisition/disposition (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Conversion price not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
  • F2: Acquired under Directors' Deferred Compensation Plan.
  • F3: Share Credits represent the right to receive an equivalent number of Class A common shares when the director’s service ends; no exercisable or expiration dates.
• Timeliness: Filing appears timely (within normal Form 4 reporting window).

Context

• Share Credits are a form of deferred compensation that entitles the director to receive shares later (typically upon leaving service). They are derivative in nature and do not represent an immediate transfer of stock or an open-market buy/sell. Such credits are routine compensation for directors and should be viewed as plan-driven rather than a direct near-term market signal.