Vorsheck Elizabeth A 4
4 · ERIE INDEMNITY CO · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity (ERIE) 10% Owner Elizabeth Vorsheck Buys Stock
What Happened Elizabeth A. Vorsheck, reported as a 10% owner of Erie Indemnity Company (ERIE), made multiple purchases on June 2, 2026. She acquired 2,000 shares at $211.00 ($422,000), 1,000 shares at $211.50 ($211,500), and 4,000 shares at $200.00 ($800,000) — a total of 7,000 shares for approximately $1,433,500. All transactions are reported with code P (purchase), indicating direct acquisition of stock.
Key Details
- Transaction date: 2026-06-02 (reported on Form 4 filed 2026-06-04).
- Individual trades: 2,000 @ $211.00; 1,000 @ $211.50; 4,000 @ $200.00.
- Total purchased: 7,000 shares for ~$1,433,500.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes in the filing:
- F1: Conversion price not applicable to shares granted under the Deferred Compensation Plan for Outside Directors.
- F2: Some reported securities are "Share Credits" under the Outside Directors' Stock Plan — these represent rights to receive Class A shares when a director’s service ends and have no exercise/expiration dates.
- F3: Company Articles allow Class B voting shares to be converted to Class A non-voting shares at a rate of 1 Class B = 2,400 Class A; no exercise price or expiration.
- Timeliness: Filed 2 days after the transaction date (Form 4 due within two business days) — filing appears timely.
Context These were open-market or private purchases (code P), not option exercises or awards. As a 10% owner, Vorsheck is a significant shareholder; such purchases show direct accumulation but do not by themselves explain motivation. For retail investors, purchases can be taken as a straightforward insider buy signal, but they should be considered alongside other information (company fundamentals, insider’s historical trading patterns, and overall portfolio context).
Insider Transaction Report
- Purchase
Class A Common Stock
2026-06-02$211.00/sh+2,000$422,000→ 266,081 total(indirect: By Trust) - Purchase
Class A Common Stock
2026-06-02$211.50/sh+1,000$211,500→ 267,081 total(indirect: By Trust) - Purchase
Class A Common Stock
2026-06-02$200.00/sh+4,000$800,000→ 3,004,000 total(indirect: By Partnership)
- 324,300(indirect: By Trust)
Class A Common Stock
- 372,565(indirect: By Trust)
Class A Common Stock
- 14,461.088
Directors' Deferred Compensation Share Credits
[F1][F2]Exercise: $0.00→ Class A Common Stock (14,461.088 underlying) - 1,170(indirect: By Trust)
Class B Common Stock
[F3]Exercise: $0.00→ Class A Common Stock (2,808 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F3]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F3]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying)
Footnotes (3)
- [F1]Conversion price is not applicable to shares granted under the Erie Indemnity Company Deferred Compensation Plan for Outside Directors (the "Plan").
- [F2]The shares subject to this reporting are Share Credits which are periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock 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's service as a Director of the Company ends. There are no exercisable or expiration dates for these securities.
- [F3]Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.