Hagen Jonathan Hirt 4
4 · ERIE INDEMNITY CO · Filed Jul 22, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity (ERIE) Director Jonathan Hirt Acquires 116.921 Shares
What Happened
Jonathan Hirt, a director of Erie Indemnity Company, recorded an other acquisition (derivative) of 116.921 shares at $215.82 per share on 2026-07-21, a notional value of approximately $25,234. The reported units are Share Credits tied to the Outside Directors' Stock Plan / Directors' Deferred Compensation arrangements rather than an open-market stock purchase.
Key Details
- Transaction date and price: 2026-07-21, 116.921 shares at $215.82 each (total ≈ $25,234).
- Transaction type: Other acquisition (derivative) — Share Credits credited under director deferred compensation/dividend reinvestment plans.
- Shares owned after transaction: Not specified in the filing.
- Relevant footnotes: F4 — these are Share Credits that convert to Class A shares when director service ends; F3 — acquisition via dividend reinvestment for Directors' Deferred Compensation Plan; F1 — held by a family member and the reporting person disclaims beneficial ownership.
- Timeliness: Filing dated 2026-07-22 for a 2026-07-21 transaction (appears timely).
Context
Share Credits are a form of deferred compensation for outside directors that represent the right to receive equivalent Class A shares when service terminates; they are not an immediate market purchase and carry no exercise/expiration dates. Such derivative credits are common for director compensation and do not necessarily signal a personal market view.
Insider Transaction Report
- Other
Directors' Deferred Compensation Share Credits
[F2][F3][F4]2026-07-21$215.82/sh+116.921$25,234→ 17,110.739 totalExercise: $0.00→ Class A Common Stock (116.921 underlying)
- 223,130
Class A Common Stock
- 200(indirect: By Daughter)
Class A Common Stock
[F1] - 200(indirect: By Son)
Class A Common Stock
[F1] - 1
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (2,400 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 585(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (1,404,000 underlying) - 1,170(indirect: By Trust)
Class B Common Stock
[F5]Exercise: $0.00→ Class A Common Stock (2,808,000 underlying)
Footnotes (5)
- [F1]Held by family member. The Reporting Person disclaims beneficial ownership of these reported securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- [F2]Conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan.
- [F3]Acquired under dividend reinvestment for Directors' Deferred Compensation Plan.
- [F4]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.
- [F5]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.