BORNEMAN J RALPH JR 4

What Happened J. Ralph Borneman Jr., a director of Erie Indemnity Co. (ERIE), was credited with 116.972 Share Credits on 2026-04-21 at an attributed price of $253.85 per share, a notional value of about $29,693. This was reported as an "other acquisition or disposition (J)" and represents a derivative credit under Erie’s Outside Directors' Stock Plan/Directors' Deferred Compensation Plan, not an immediate grant of tradable shares.

Key Details

• Transaction date: 2026-04-21; Filing date: 2026-04-22 (filed the next day; appears timely).
• Quantity and price: 116.972 Share Credits at $253.85 each; total value ≈ $29,693.
• Transaction type: Code J — other acquisition (derivative Share Credits), acquired via dividend reinvestment/deferral.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes:
  • F3: These are Share Credits that entitle the director to receive equivalent Class A shares when his service ends; no exercise/expiration dates.
  • F2: Acquired under dividend reinvestment for the Directors' Deferred Compensation Plan.
  • F1: Conversion price not applicable to shares under the Outside Directors' Deferred Compensation Plan.

Context Share Credits are a deferred, non-tradable right to receive company stock in the future (typically when the director's service ends). They do not represent immediately exercisable options or newly issued, transferable shares, so this transaction increases deferred compensation tied to company stock rather than current share ownership.