Srinivasa Parthasarathy 4
4 · ERIE INDEMNITY CO · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
ERIE EVP Srinivasa Parthasarathy Receives 614.724 Share Credits
What Happened Srinivasa Parthasarathy, EVP and Chief Information Officer of Erie Indemnity Company (ERIE), was credited with 614.724 share credits on March 13, 2026. The reporting shows an acquisition (derivative) valued at $246.91 per share, totaling approximately $151,782. This was not an open-market purchase or sale but a credit under the company’s Incentive Compensation Deferral Plan.
Key Details
- Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (within the typical 2-business-day filing window).
- Transaction type/code: Other acquisition or disposition (code J) — derivative/share credit.
- Shares credited: 614.724 at $246.91 per share; total value ≈ $151,782.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- F2: Credits were acquired under the Incentive Compensation Deferral Plan from an Annual Incentive Plan award.
- F1/F3: Conversion price not applicable; these are Share Credits that entitle the holder to receive equivalent Class A common stock upon retirement or separation. There are no exercisable or expiration dates for these credits.
Context Share credits under a deferral plan represent a non-cash award or deferral of compensation, not an immediate purchase of tradable shares. They convert to actual shares (or equivalent) only upon specified separation events (e.g., retirement), so this transaction is administrative/compensation-related rather than an indication of open-market buying or selling.
Insider Transaction Report
- Other
Incentive Compensation Deferral Plan Share Credits
[F1][F2][F3]2026-03-13$246.91/sh+614.724$151,782→ 1,922.715 total→ Class A Common Stock (614.724 underlying)
Footnotes (3)
- [F1]Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- [F2]Acquired under the Erie Indemnity Company Incentive Compensation Deferral Plan from an Annual Incentive Plan award.
- [F3]The shares subject to this reporting are Share Credits which are periodically credited to the accounts of a select group of management and highly compensated employees of Erie Indemnity Company pursuant to its Incentive Compensation Deferral Plan. These Share Credits represent the right to receive an equivalent number of shares of Erie Indemnity Company Class A common stock when the reporting individual retires or otherwise separates from service with the Company. There are no exercisable or expiration dates for these securities.