Palmer Thomas W 4

What Happened

• Thomas W. Palmer, a Director of Erie Indemnity Company (ERIE), was credited with 108.268 share equivalents (Share Credits) on July 21, 2026. The reporting records a per-share value of $215.82, giving an aggregate value of $23,366. This transaction is an acquisition of derivative rights (reported as code J), not an open-market stock purchase.

Key Details

• Transaction date: 2026-07-21; filing date: 2026-07-22 (timely).
• Price/value: $215.82 per share; total reported value $23,366.
• Quantity: 108.268 Share Credits (derivative units).
• Shares owned after transaction: not reported in this filing.
• Footnotes: F2 indicates acquisition under dividend reinvestment for the Directors' Deferred Compensation Plan; F3 explains these are Share Credits that entitle the director to receive equivalent Class A shares when service ends and have no exercise/expiration dates; F1 notes conversion price is not applicable to shares under the Outside Directors' Deferred Compensation Plan.
• Transaction type: derivative credit (code J), not a cash purchase or option exercise.

Context

• These Share Credits are a form of deferred compensation for outside directors — they represent a future right to receive company shares (or equivalent) when the director's service ends, so they do not transfer immediate voting power or marketable stock. Such credits are typically routine compensation-related entries rather than directional bets by insiders.