NECASTRO TIMOTHY G 4
4 · ERIE INDEMNITY CO · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Erie Indemnity CEO Timothy G. NeCastro Gifts 2,039 Shares
What Happened Timothy G. NeCastro, President & CEO of Erie Indemnity Company (ERIE), reported a gift of 2,039 shares (reported as disposed) on March 18, 2026. The filing shows a transaction price of $0.00 and a reported disposition value of $0. The shares are described in the filing as Share Credits under Erie’s Incentive Compensation Deferral Plan rather than immediately transferable stock.
Key Details
- Transaction date: 2026-03-18; Filing date: 2026-03-26 (Form 4 filed 8 days after the transaction).
- Reported transaction: Gift (Code G) of 2,039 shares at $0.00; disposition value reported $0.
- Shares owned after transaction: Not specified in the Form 4.
- Footnotes of note:
- F1: Gift made to a qualified charitable organization.
- F2: Conversion price not applicable to shares under the Incentive Compensation Deferral Plan.
- F3: These are Share Credits that represent the right to receive equivalent Class A shares upon retirement or separation; they have no exercise or expiration dates.
- Timeliness: The Form 4 was filed after the typical 2-business-day window for insider reporting (appears late).
Context Gifts of shares or share credits to charity are common and do not necessarily reflect the insider’s view of the company’s short-term prospects. In this case, the assets involved are Share Credits under an executive deferral plan (not immediate open-market shares), meaning the recipient is entitled to receive actual Class A shares only upon the insider’s retirement or separation per plan terms.
Insider Transaction Report
- Gift
Class A Common Stock
[F1]2026-03-18−2,039→ 9,541 total
- 278(indirect: By IRA)
Class A Common Stock
- 12,844.338
Incentive Compensation Deferral Plan Share Credits
[F2][F3]Exercise: $0.00→ Class A Common Stock (12,844.338 underlying)
Footnotes (3)
- [F1]Gift of shares made to a qualified charitable organization.
- [F2]Conversion price is not applicable to shares granted under the Erie Indemnity Company Incentive Compensation Deferral Plan.
- [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.