ERIE Director Jonathan Hirt Receives 65 Share Credits

What Happened
Jonathan Hirt, a director of Erie Indemnity Company (ERIE), was credited with 65 Share Credits on July 31, 2026. The filing reports this as an "other acquisition or disposition (J)" of a derivative right, valued at $242.04 per share-equivalent for a total reported value of $15,733. This was not an open-market purchase or sale of Class A stock but an accrual under the company’s director compensation arrangements.

Key Details

• Transaction date: 2026-07-31; Form 4 filed: 2026-08-03 (filed within the normal 2-business-day reporting window).
• Instrument/transaction: 65 Share Credits (derivative right) under the Outside Directors' Stock Plan / Directors' Deferred Compensation Plan.
• Price/value: $242.04 per share-equivalent; total reported value $15,733.
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes of note:
  • These are "Share Credits" that represent the right to receive an equivalent number of Class A shares when the director’s service ends; there are no exercise or expiration dates (F4).
  • The credits were acquired under the Directors' Deferred Compensation Plan (F3); conversion price not applicable (F2).
  • The reporting person disclaims beneficial ownership of certain reported securities held by a family member (F1).
• Transaction code: J (Other acquisition or disposition—derivative).

Context
Share Credits are a deferred-compensation mechanism commonly used for outside directors and represent a future right to stock rather than immediate stock ownership or a market purchase; they do not necessarily signal a present change in voting power or liquidity. This filing documents the crediting of those units rather than an exercised option or cashless sale.