Director J. Ralph Borneman Jr. filed a Form 4 with the SEC on November 2, 2026, reporting the acquisition of 65 Directors' Deferred Compensation Share Credits in Erie Indemnity Company on October 31, 2026.

Key Highlights

  • Reporting person: J. Ralph Borneman Jr., a Director of Erie Indemnity Company
  • Transaction date: October 31, 2026, under transaction code J (acquired under Directors' Deferred Compensation Plan)
  • Securities acquired: 65 Directors' Deferred Compensation Share Credits, each linked to one share of Class A Common Stock at a price of $261.39
  • Post-transaction holdings: 20,814.123 Share Credits beneficially owned directly following the transaction
  • Indirect holdings: 10,000 shares of Class A Common Stock held indirectly through the J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015
  • No expiration or exercise dates: The Share Credits carry no exercisable or expiration dates and are payable in Class A Common Stock upon the director's departure from the board

Borneman's October 2026 Deferred Compensation Credit at Erie Indemnity

According to the filing, J. Ralph Borneman Jr., identified as a Director of Erie Indemnity Company (NASDAQ:ERIE), received 65 Directors' Deferred Compensation Share Credits on October 31, 2026. The transaction was coded "J" and the filing states the credits were "acquired under Directors' Deferred Compensation Plan." The conversion price is listed as $0, with a footnote explaining that a conversion price "is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan."

The filing describes Share Credits as securities "periodically credited to the accounts of certain Directors of Erie Indemnity Company pursuant to its Outside Directors' Stock Plan." According to the filing, these credits "represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual's service as a Director of the Company ends." The price per underlying share of Class A Common Stock is listed as $261.39. Following this transaction, Borneman directly holds 20,814.123 Share Credits in total.

In addition to the derivative Share Credits position, the filing discloses that Borneman indirectly holds 10,000 shares of Class A Common Stock through the J. Ralph Borneman, Jr. Revocable Trust DTD 02/16/2015. No transaction in those shares was reported in this filing. The Form 4 was signed by Rebecca A. Buona under a power of attorney and filed on November 2, 2026.

What Was Disclosed

This Form 4 reports the periodic crediting of 65 Directors' Deferred Compensation Share Credits to Director J. Ralph Borneman Jr. on October 31, 2026, at a per-share price of $261.39, bringing his total direct Share Credit holdings to 20,814.123.