ERIE Indemnity Director Thomas W. Palmer Receives 65 Shares

What Happened

• Thomas W. Palmer, a director of Erie Indemnity Company (ERIE), was credited with 65 share equivalents (Share Credits) on 2026-07-31. The reported per-share value was $242.04, for a total reported value of $15,733. This transaction is recorded as an "Other acquisition" (derivative) tied to the company's directors' deferred compensation arrangements — not an open-market purchase.

Key Details

• Transaction date and terms: 2026-07-31 — 65 shares at $242.04 each; total $15,733.
• Transaction type: Other acquisition (Code J) — derivative Share Credits under the Outside Directors' Deferred Compensation Plan (F2, F3).
• Nature of the securities: Share Credits represent the right to receive an equivalent number of Class A common shares when the director's service ends; there are no exercisable or expiration dates (F3). Conversion price is not applicable to these deferred shares (F1).
• Shares owned after transaction: Not specified in the summary filing; see full Form 4 for total holdings.
• Filing timeliness: Form filed 2026-08-03; this filing appears to be timely (within required business-day window).

Context

• These Share Credits are a form of deferred compensation for directors and do not reflect an immediate market purchase or sale. They typically indicate routine compensation accrual rather than a direct bullish or bearish trading signal.