Novacek Jorie L 4

What Happened

• Jorie Novacek, Senior Vice President and Controller of Erie Indemnity Company (ERIE), was credited with 4.535 Share Credits on 2026-04-21. The reported per-share value is $253.85, for a reported total value of approximately $1,151. The transaction is reported as an "Other acquisition" (code J) and represents a derivative credit under the company’s Incentive Compensation Deferral Plan.

Key Details

• Transaction date and price: 2026-04-21; 4.535 shares at $253.85 each (total ≈ $1,151).
• Transaction type: Other acquisition (derivative Share Credits) under the Incentive Compensation Deferral Plan.
• Shares owned after transaction: Not specified in the filing.
• Filing date: 2026-04-22 (appears timely; no late-filing flag).
• Footnotes: F1 – conversion price not applicable to these deferral-plan shares; F2 – acquired under dividend reinvestment for the plan; F3 – Share Credits represent the right to receive an equivalent number of Class A shares upon retirement or separation and have no exercise or expiration dates.

Context

• These Share Credits are deferred compensation; they are not immediately-issued Class A shares. They represent a right to receive shares later (e.g., at retirement or separation), so this is different from an open-market purchase or an immediate reward. Such deferral-plan credits are common and typically reflect compensation mechanics rather than a direct market sentiment by the insider.