Thomas B. Hagen, a director at Erie Indemnity Co., has reported new stock transactions involving both Class A and Class B common stock. This filing, made on October 21, 2026, is significant as it reflects ongoing changes in ownership structures and trust arrangements within the company.
Erie Indemnity Co. is a well-known player in the insurance industry, particularly in the area of insurance agents, brokers, and services. The company is publicly traded under the ticker symbol ERIE and is incorporated in Pennsylvania.
The recent SEC filing indicates that Hagen currently holds 5,100 shares of Class A common stock directly. Additionally, he has significant indirect ownership through various trusts, including 6,658,800 shares held in a non-exempt marital irrevocable trust and 10,086,059 shares held by a family limited partnership. Furthermore, the estate of Susan H. Hagen, who passed away in 2015, also holds 12,230 shares of Class A stock.
According to the filing, Hagen's transactions included acquiring 88.135 shares of Class A common stock through the Directors' Deferred Compensation Share Credits. This transaction occurred on October 20, 2026, at a price of $245.935 per share, bringing his total shares owned following this transaction to approximately 14,713.986 shares.
This update may impact various stakeholders, including shareholders and potential investors, as it underscores the importance of transparency in ownership structures. The filing also highlights the complexities of trust arrangements that can affect control and governance within the company.
Looking ahead, the filing does not specify what actions will follow these transactions, leaving stakeholders to consider the implications of these ownership changes.