Vorsheck Elizabeth A 4

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).