Novacek Jorie L 4

What Happened

• Jorie L. Novacek, SVP and Controller of Erie Indemnity Company (ERIE), was credited with 206.656 Share Credits on 2026-06-05. The reporting value is $227.22 per share, totaling $46,956. This is an acquisition of a derivative award (Share Credits), not an open-market buy of common stock.

Key Details

• Transaction date: 2026-06-05; filing date (Form 4): 2026-06-08 — filing appears timely.
• Instrument: Share Credits (derivative rights to Class A common stock)
• Quantity and price: 206.656 Share Credits at $227.22 each; total $46,956.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes in filing:
  • F1: Conversion price not applicable to shares granted under the Incentive Compensation Deferral Plan.
  • F2: These Share Credits were acquired under the Incentive Compensation Deferral Plan from a Long Term Incentive Plan award.
  • F3: Share Credits represent the right to receive an equivalent number of Erie Indemnity Class A common shares upon the individual’s retirement or separation; they have no exercisable or expiration dates.

Context

• These Share Credits are deferred compensation/derivative awards, meaning Novacek does not receive actual ERIE shares immediately; the right to receive shares vests on separation/retirement per the plan.
• Such grants are common for management compensation and differ from open-market purchases (which may be interpreted as a direct bullish signal).