Palmer Thomas W 4

What Happened

• Thomas W. Palmer, a Director of Erie Indemnity Company (ERIE), was credited with 90.032 share credits on 2026-04-21 valued at $253.85 each, for a total reported value of $22,855. The filing lists this as an "Other acquisition or disposition (J)" and the transaction is a derivative acquisition (share credits), not an open-market purchase.

Key Details

• Transaction date: 2026-04-21; filing date: 2026-04-22 (timely).
• Price per share reported: $253.85; total value reported: $22,855.
• Transaction type/code: Other acquisition (J); Derivative instrument (Share Credits).
• Shares acquired: 90.032 share credits.
• Shares owned after transaction: Not specified in the provided data.
• Notable footnotes:
  • F3: These are Share Credits under the Outside Directors' Stock Plan that represent the right to receive equivalent Class A shares when the director's service ends; they have no exercise or expiration dates.
  • F1: Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
  • F2: Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.

Context

• These share credits are a form of deferred compensation for non-employee directors and do not represent an immediate transfer of Class A shares. They will convert to actual shares (per the plan) when the director's service terminates, so this is not the same as an open-market buy or exercise of options. Such plan-based credits are common and generally reflect routine compensation arrangements rather than a direct market-based buying signal.