NECASTRO TIMOTHY G 4
4 · ERIE INDEMNITY CO · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
ERIE CEO Timothy NeCastro Receives 74-Share Award
What Happened
- Timothy G. NeCastro, President & CEO of Erie Indemnity Company (ERIE), was credited with 74 share units (Share Credits) on April 21, 2026. The units are valued at $253.85 each, for a total reported value of $18,785. This transaction is reported as an "other acquisition" of a derivative security (transaction code J) under the company's Incentive Compensation Deferral Plan.
- These are Share Credits (derivative rights), not immediately issued common shares. They represent the right to receive an equivalent number of Class A common shares when NeCastro retires or otherwise separates from service; there are no exercisable or expiration dates.
Key Details
- Transaction date: 2026-04-21; Filing date: 2026-04-22 (timely filing).
- Price per unit: $253.85; Total reported value: $18,785.
- Transaction type/code: Other acquisition (Code J) of a derivative security (Share Credits).
- Acquisition method: credited under the Erie Indemnity Company Incentive Compensation Deferral Plan; includes dividend reinvestment treatment per filing notes.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: conversion price not applicable to these plan grants; units acquired under dividend reinvestment; Share Credits vest/convert to shares upon separation from service.
Context
- This is not an open-market purchase of common stock but a plan crediting of deferred-share units tied to compensation. Such credits show management participation in company compensation programs but do not transfer voting stock or immediate liquidity until separation events.
Insider Transaction Report
Form 4
NECASTRO TIMOTHY G
President & CEO
Transactions
- Other
Incentive Compensation Deferral Plan Share Credits
[F1][F2][F3]2026-04-21$253.85/sh+74$18,785→ 12,918.338 totalExercise: $0.00→ Class A Common Stock (74 underlying)
Holdings
- 9,541
Class A Common Stock
- 278(indirect: By IRA)
Class A Common Stock
Footnotes (3)
- [F1]Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- [F2]Acquired under dividend reinvestment for the Erie Indemnity Company Incentive Compensation Deferral Plan.
- [F3]The shares subject to this reporting are Share Credits which are periodically credited to the accounts of a select group of management and highly compensated employees of Erie Indemnity Company pursuant to its Incentive Compensation Deferral Plan. These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual retires or otherwise separates from service with the Company. There are no exercisable or expiration dates for these securities.
Signature
Rebecca A. Buona, Power of Attorney|2026-04-22