Edwards William David 4

What Happened
William David Edwards, a Director of Erie Indemnity Company (ERIE), was credited 1.762 Share Credits on July 21, 2026, recorded at $215.82 per share for a total reported value of $380. The transaction is reported as code "J" (other acquisition/disposition) and represents a derivative credit (not an open-market purchase of actual shares).

Key Details

• Transaction date and filing: transaction on 2026-07-21; Form 4 filed 2026-07-22 (appears timely).
• Reported transaction: acquired 1.762 Share Credits at $215.82 each; total reported value $380.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes included in the filing:
  • F1: Conversion price not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
  • F2: Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
  • F3: These are Share Credits under the Outside Directors' Stock Plan — rights to receive equivalent Class A common shares when the director's service ends; no exercise or expiration dates.
• Transaction code: J (other acquisition/disposition, derivative).

Context
Share Credits are a deferred-compensation mechanism for outside directors and generally reflect routine plan credits (including dividend reinvestment), not an immediate market purchase. Because these are derivative credits redeemable for shares only after service ends, they should be viewed as compensation plan activity rather than a direct bullish share purchase.