Erie Indemnity Director Charles Hartz Receives 132.61 Share Credits
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Erie Indemnity Director Charles Hartz Receives 132.61 Share Credits
What Happened Charles Scott Hartz, a director of Erie Indemnity Company (ERIE), was credited with 132.61 share credits on July 21, 2026. The reporting shows a derivative acquisition at an attributable price of $215.82 per share, totaling about $28,620. This was not an open-market buy or sale of common stock but an award/credit under the company’s director compensation arrangements.
Key Details
- Transaction date: 2026-07-21; filing date: 2026-07-22 (timely).
- Reported transaction: Other acquisition (code J) — 132.61 share credits @ $215.82, aggregate ~$28,620 (derivative).
- Shares owned after transaction: not specified in this filing.
- Footnotes: these are "Share Credits" under the Outside Directors' Stock Plan (they represent the right to receive an equivalent number of Class A common shares when the director's service ends; no exercise/expiration dates). Footnotes also note conversion price not applicable and that acquisition was under director deferred-compensation/dividend reinvestment arrangements.
- Filing status: timely (no late filing indicated).
Context Share credits are a form of deferred director compensation and do not mean immediate receipt or sale of common stock. For retail investors, this is a routine director compensation event rather than a direct buy/sell signal in the open market; the economic value (~$28.6K) is modest and typical for outside director awards.