Palmer Thomas W 4

What Happened

• Thomas W. Palmer, a director of Erie Indemnity Co. (ERIE), was credited with 39.475 share credits on April 20, 2026. The reporting form lists an acquisition value of $253.63 per share credit, totaling approximately $10,012. This transaction is an acquisition of deferred/share-credit rights rather than an open‑market purchase of outstanding shares.

Key Details

• Transaction date and terms: April 20, 2026 — 39.475 share credits at $253.63 each; total reported value $10,012. (Transaction reported as Type J — other acquisition/disposition.)
• Nature of securities: These are Share Credits granted under the Outside Directors' Stock Plan and the Directors' Deferred Compensation Plan (see footnotes F2 and F3). They represent the right to receive an equivalent number of Class A common shares when the director’s service ends; there are no exercisable or expiration dates.
• Conversion/price note: Footnote F1 indicates a conversion price is not applicable to these grants.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Transaction occurred 2026-04-20 and the Form 4 was filed 2026-04-22 (generally within the SEC’s two-business-day reporting window).

Context

• This was a deferred compensation credit (a derivative right to future shares), not an immediate acquisition of freely tradable Class A shares. Such awards reflect company compensation practices for outside directors and do not necessarily indicate an immediate change in market exposure by the director.