What the executives and directors of Erie Indemnity actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Vorsheck Elizabeth A | Director | 335.8K | $1.4M | — |
| Cipriani Marc Senior Vice President | Officer | 16K | — | — |
| BORNEMAN J RALPH JR | Director | 10K | — | — |
| NECASTRO TIMOTHY G President & CEO | CEO | 9,819 | — | — |
| Smith Douglas Edward EVP | Officer | 5,172 | — | — |
| Feltz Lorianne Executive Vice President | Officer | 4,561 | — | — |
| Colaizzo Louis F SVP | Officer | 3,568 | — | — |
| Cook Cody Executive Vice President | Officer | 1,159 | — | — |
| HARTZ CHARLES SCOTT | Director | 1,097 | — | — |
| DaBreo Anthony Senior Vice President, Life | Officer | 921 | — | $101K |
| Pelkowski Julie Marie EVP & CFO | CFO | 675 | — | — |
| Shine Sarah Executive Vice President | Officer | 569 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-02 | Vorsheck Elizabeth A (Director) | Open-market buy | 1,000 | $211.50 | $212K |
| 2026-06-02 | Vorsheck Elizabeth A (Director) | Open-market buy | 2,000 | $211.00 | $422K |
| 2026-06-02 | Vorsheck Elizabeth A (Director) | Open-market buy | 4,000 | $200.00 | $800K |
| 2026-05-08 | DaBreo Anthony (Officer) | Discretionary sale | 465 | $217.10 | $101K |
| 2024-08-27 | HARTZ CHARLES SCOTT (Director) | Discretionary sale | 500 | $485.83 | $243K |
| 2024-08-13 | HARTZ CHARLES SCOTT (Director) | Discretionary sale | 500 | $453.26 | $227K |
| 2024-02-29 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 10K | $407.38 | $4.1M |
| 2023-08-18 | Cipriani Marc (Officer) | Discretionary sale | 2,000 | $282.52 | $565K |
| 2022-11-11 | Cipriani Marc (Officer) | Discretionary sale | 750 | $252.72 | $190K |
| 2021-09-22 | Hagen Thomas B (Director) | Open-market buy | 400 | $185.16 | $74K |
| 2020-03-25 | CONNELL EUGENE C (Director) | Open-market buy | 75 | $141.57 | $11K |
| 2020-03-25 | CONNELL EUGENE C (Director) | Open-market buy | 200 | $139.17 | $28K |
| 2020-03-12 | Vorsheck Elizabeth A (Director) | Open-market buy | 200 | $135.00 | $27K |
| 2019-09-17 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 20K | $210.00 | $4.2M |
| 2019-06-11 | Vorsheck Elizabeth A (Director) | Open-market buy | 686 | $240.56 | $165K |
| 2019-03-26 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 340 | $176.53 | $60K |
| 2019-03-26 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 1,660 | $176.49 | $293K |
| 2019-03-26 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 2,000 | $176.26 | $353K |
| 2019-03-26 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 2,000 | $176.41 | $353K |
| 2019-03-26 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 2,000 | $176.59 | $353K |
| 2019-03-26 | BORNEMAN J RALPH JR (Director) | Discretionary sale | 2,000 | $176.60 | $353K |
| 2019-03-25 | Hudson Brian Arden Sr. (Director) | Open-market buy | 115 | $174.03 | $20K |
| 2018-12-31 | Colaizzo Louis F (Officer) | Open-market buy | 750 | $133.00 | $100K |
| 2018-12-26 | Correnti Salvatore (Director) | Open-market buy | 320 | $126.81 | $41K |
| 2018-10-30 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 160 | $131.21 | $21K |
| 2018-08-21 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 1,550 | $127.89 | $198K |
| 2018-08-03 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 141 | $126.43 | $18K |
| 2018-05-29 | Colaizzo Louis F (Officer) | Open-market buy | 1,000 | $112.00 | $112K |
| 2018-05-01 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 119 | $117.39 | $14K |
| 2018-03-26 | Hudson Brian Arden Sr. (Director) | Open-market buy | 180 | $115.30 | $21K |
| 2018-03-09 | Datesh LuAnn (Director) | Open-market buy | 210 | $119.87 | $25K |
| 2018-03-06 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 25 | $118.86 | $3K |
| 2018-02-28 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 49 | $115.03 | $6K |
| 2018-02-28 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 100 | $114.95 | $11K |
| 2018-02-28 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 153 | $114.94 | $18K |
| 2018-02-28 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 310 | $114.92 | $36K |
| 2018-02-28 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 448 | $114.91 | $51K |
| 2018-02-27 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 215 | $116.15 | $25K |
| 2018-02-27 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 278 | $114.43 | $32K |
| 2017-12-18 | Datesh LuAnn (Director) | Open-market buy | 100 | $118.53 | $12K |
| 2017-12-18 | Datesh LuAnn (Director) | Open-market buy | 100 | $118.86 | $12K |
| 2017-05-15 | NECASTRO TIMOTHY G (CEO) | Open-market buy | 430 | $116.24 | $50K |
| 2017-03-10 | WILBURN ROBERT C (Director) | Discretionary sale | 2,700 | $120.16 | $324K |
| 2016-12-28 | Stover Richard L (Director) | Discretionary sale | 0 | $113.66 | $36 |
| 2016-09-02 | Kearns John F (Other) | Discretionary sale | 154 | $103.80 | $16K |
| 2016-09-02 | Kearns John F (Other) | Discretionary sale | 500 | $103.45 | $52K |
| 2016-09-02 | Kearns John F (Other) | Discretionary sale | 1,169 | $103.56 | $121K |
| 2016-08-29 | Kearns John F (Other) | Discretionary sale | 300 | $101.86 | $31K |
| 2016-08-26 | Kearns John F (Other) | Discretionary sale | 500 | $101.70 | $51K |
| 2016-08-26 | Kearns John F (Other) | Discretionary sale | 750 | $100.75 | $76K |
| 2016-08-25 | Kearns John F (Other) | Discretionary sale | 400 | $99.70 | $40K |
| 2016-08-25 | Kearns John F (Other) | Discretionary sale | 500 | $99.80 | $50K |
| 2016-08-25 | Kearns John F (Other) | Discretionary sale | 600 | $100.40 | $60K |
| 2016-08-09 | Kearns John F (Other) | Discretionary sale | 500 | $99.70 | $50K |
| 2016-08-05 | Kearns John F (Other) | Discretionary sale | 100 | $98.91 | $10K |
| 2016-08-05 | Kearns John F (Other) | Discretionary sale | 300 | $97.90 | $29K |
| 2016-08-04 | Kearns John F (Other) | Discretionary sale | 143 | $99.65 | $14K |
| 2016-08-02 | Kearns John F (Other) | Discretionary sale | 500 | $98.80 | $49K |
| 2016-08-02 | Kearns John F (Other) | Discretionary sale | 500 | $99.00 | $50K |
| 2016-08-02 | Kearns John F (Other) | Discretionary sale | 500 | $99.10 | $50K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.