Novacek Jorie L 4

What Happened

• Jorie L. Novacek, Senior Vice President and Controller of Erie Indemnity Company (ERIE), acquired 6.765 share credits on July 21, 2026. The reporting shows an acquisition at $215.82 per share, for a stated total value of approximately $1,460. The transaction is reported as a derivative acquisition (code J) under the company's Incentive Compensation Deferral Plan and resulted from dividend reinvestment.

Key Details

• Transaction date and price: 2026-07-21 at $215.82 per share (6.765 shares; total ~$1,460).
• Transaction type: Other acquisition (code J) — derivative Share Credits (not an open-market buy).
• Acquisition method: Dividend reinvestment under Erie Indemnity Company Incentive Compensation Deferral Plan.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — conversion price not applicable to deferral-plan shares; F2 — acquired via dividend reinvestment; F3 — these are Share Credits that represent the right to receive equivalent Class A shares upon retirement or separation and have no exercise/expiration dates.
• Filing timeliness: Form 4 filed 2026-07-23; appears timely (filed within the typical 2-business-day reporting window).

Context

• These Share Credits are derivative rights under a deferral plan, meaning they are not immediately tradable shares. They convert to actual Class A common stock only when the employee retires or otherwise separates from service, so this transaction reflects plan-driven compensation treatment rather than an open-market investment decision.