Hagen Thomas B 4
Research Summary
AI-generated summary
ERIE (ERIE) Director Thomas B. Hagen Acquires 99.76 Shares
What Happened
Thomas B. Hagen, a director of Erie Indemnity Company (ERIE), recorded an "other acquisition" (transaction code J) of 99.757 derivative shares on July 21, 2026 at an effective price of $215.82 per share, for a notional value of about $21,530. The filing treats this as a derivative acquisition rather than an open‑market purchase.
Key Details
- Transaction date and price: 2026-07-21 at $215.82 per share. Total value ≈ $21,530.
- Transaction type: Code J — "other acquisition" of a derivative security (not an open-market buy).
- Source/plan note: Filing includes footnote F4 indicating acquisitions under dividend reinvestment for the Directors' Deferred Compensation Plan.
- Ownership disclaimers: Footnotes (e.g., F1, F2) state various trust/FLP holdings and that the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: Report filed 2026-07-22 for a 7/21/2026 transaction (filed promptly).
Context
This was a small, plan‑related derivative acquisition (likely dividend reinvestment or deferred‑compensation credit) rather than a market purchase. Such plan‑driven transactions are routine for directors and do not necessarily signal a change in sentiment.