A statement of changes in beneficial ownership for Erie Indemnity Co ( Nasdaq : ERIE) was filed on August 3, 2026, disclosing a deferred compensation share Credit transaction by director Salvatore Correnti dated July 31, 2026.

Key Highlights

  • Reporting person: Salvatore Correnti, identified as a Director of Erie Indemnity Co.
  • Transaction date: July 31, 2026, with the filing submitted on August 3, 2026.
  • Share credits acquired: 65 Directors' Deferred Compensation Share Credits, coded as transaction type "J" (acquired under the Directors' Deferred Compensation Plan).
  • Price per credit: $242.04, with the underlying security identified as Erie Indemnity Class A Common Stock.
  • Beneficial ownership following transaction: 2,867.147 share credits held directly after the reported transaction.
  • Nature of credits: According to the filing, the share 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."

Correnti's Deferred Compensation Credit Activity Under Erie Indemnity's Outside Directors' Stock Plan

According to the filing, the 65 share credits were periodically credited to Salvatore Correnti's account pursuant to Erie Indemnity Company's Outside Directors' Stock Plan. Erie Indemnity is a property and casualty insurance management company that earns fees for managing the Erie Insurance Exchange, a reciprocal insurer, giving it a management-fee-based Revenue model distinct from traditional insurance carriers.

The filing explains that the conversion price listed for the derivative security is not applicable, as these share credits are granted under the Outside Directors' Deferred Compensation Plan rather than through a conventional exercise mechanism. The filing further states there are no exercisable or expiration dates associated with these share credits. Settlement into actual shares of Class A Common Stock occurs only upon the conclusion of the director's service. The filing was signed by Rebecca A. Buona under a Power of Attorney on August 3, 2026.

The transaction code reported is "J," consistent with the Acquisition under the deferred compensation arrangement described in the filing's explanation of responses. The resulting total of 2,867.147 share credits is held directly by the reporting person, as indicated in the ownership form column of the filing's derivative securities table.

What Was Disclosed

The filing disclosed that director Salvatore Correnti received 65 deferred compensation share credits in Erie Indemnity Class A Common Stock on July 31, 2026, at $242.04 per credit, bringing his total directly held share credits to 2,867.147, with settlement deferred until his directorship ends.