NECASTRO TIMOTHY G 4

What Happened

• Timothy G. Necastro, President & CEO of Erie Indemnity Company (ERIE), was reported to have acquired 87.541 share credits on 2026-07-21.
• The reported per-share value was $215.82, for a total value of approximately $18,893. This was recorded as a derivative acquisition (Form 4 code J).

Key Details

• Transaction date: 2026-07-21; filing date: 2026-07-23 (timely filing).
• Price per share reported: $215.82; total reported value: ~$18,893.
• Instrument: Share Credits under the Erie Indemnity Company Incentive Compensation Deferral Plan (derivative).
• Footnotes:
  • F1: Conversion price not applicable to shares under the deferral plan.
  • F2: Acquisition occurred under dividend reinvestment for the deferral plan.
  • F3: These Share Credits give the right to receive an equivalent number of Class A shares when the individual retires or separates from service; there are no exercisable or expiration dates.
• Shares owned after the transaction: not specified in the filing.

Context

• This is not an open-market stock purchase; it is an internal deferral-plan credit that represents a future right to receive shares upon separation or retirement. Such deferred awards are common compensation mechanics and do not equal immediate share ownership or an immediate bullish sale signal.