Hagen Thomas B 4

What Happened

• Thomas B. Hagen, a director of Erie Indemnity Company (ERIE), reported an acquisition of 82.838 derivative share credits on 2026-04-21. The reported per-share amount is $253.85, for a total reported value of $21,028. The transaction is reported as an "Other acquisition or disposition (J)" of a derivative security (not an open-market cash purchase of common stock).

Key Details

• Transaction date: 2026-04-21; Form 4 filed: 2026-04-22 (appears timely).
• Instrument: Derivative share credits (reported as 82.838 shares) at $253.85 each; total $21,028.
• Shares owned after transaction: Not specified in this Form 4.
• Notable footnotes:
  • F5: The reported units are "Share Credits" under the Outside Directors' Stock Plan — rights to receive equivalent Class A shares when the director's service ends (no exercise/expiration dates).
  • F1 & F2: Various holdings are held via trusts/FLP and the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing timeliness: No late-file flag shown; filing was the day after the reported transaction.

Context

• This was an acquisition of a derivative right (share credits) rather than an immediate purchase of Class A common stock. Share credits typically convert to actual Class A shares when a director's service ends, so this does not represent an immediate increase in tradable shares.
• Such director share-credit transactions are common as part of deferred compensation or outside director stock plans and do not by themselves indicate a change in sentiment.