Director Salvatore Correnti filed a Form 4 with the SEC on November 2, 2026, reporting the acquisition of 65 Directors' Deferred Compensation Share Credits in Erie Indemnity Co (NASDAQ:ERIE) on October 31, 2026.

Key Highlights

  • Transaction date: October 31, 2026, with the filing submitted November 2, 2026.
  • Security acquired: 65 Directors' Deferred Compensation Share Credits, each linked to one share of Class A Common Stock.
  • Price per share credit: $261.39, with a stated conversion price of $0 (conversion price described as not applicable under the Outside Directors' Deferred Compensation Plan).
  • Post-transaction holdings: Correnti holds 2,950.357 Share Credits in total following this transaction, according to the filing.
  • Beneficial ownership of Class A Common Stock: The filing separately reports 320 shares of Class A Common Stock held, with no transaction code, price, or date recorded for that position.
  • No exercise or expiration dates: The filing states there are no exercisable or expiration dates for these Share Credits.

Correnti's October 2026 Deferred Compensation Credit at Erie Indemnity

According to the Form 4 filing, Salvatore Correnti, a director of Erie Indemnity Co, received 65 Share Credits on October 31, 2026 under the company's Outside Directors' Deferred Compensation Plan. The transaction was recorded under transaction code "J," indicating acquisition under that plan. The filing notes that the conversion price is listed as $0 because "conversion price is not applicable to shares granted under the Outside Directors' Deferred Compensation Plan."

The filing explains that 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." The credits are periodically credited to the accounts of certain directors under the Outside Directors' Stock Plan. Following this transaction, Correnti's total Share Credits stand at 2,950.357, held directly. The price associated with the underlying Class A Common Stock at the time of the transaction was reported as $261.39.

In addition to the derivative Share Credits, Table I of the filing reflects a position of 320 shares of Class A Common Stock, though no transaction date, code, or price is recorded for that entry in the filing. The Form 4 was signed by Rebecca A. Buona under power of attorney on November 2, 2026.

What Was Disclosed

Director Salvatore Correnti reported acquiring 65 Directors' Deferred Compensation Share Credits in Erie Indemnity Co on October 31, 2026, bringing his total Share Credits to 2,950.357. The credits entitle him to an equivalent number of Class A Common Stock shares upon the end of his directorship.