Hagen Jonathan Hirt 4
Research Summary
AI-generated summary
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.