Erie Indemnity Company
US ˙ NasdaqGS ˙ US29530P1021

Introduction

This page provides a comprehensive analysis of the known insider trading history of Hudson Brian Arden Sr.. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Hudson Brian Arden Sr. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:MPB / Mid Penn Bancorp, Inc. Director 6,914
US:ERIE / Erie Indemnity Company Director 2,147
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Hudson Brian Arden Sr.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases ERIE / Erie Indemnity Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ERIE / Erie Indemnity Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2019-03-25 ERIE Hudson Brian Arden Sr. 115 174.0340 115 174.0340 20,014 122 268.7 10,888 54.40
2018-03-26 ERIE Hudson Brian Arden Sr. 180 115.3009 180 115.3009 20,754

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ERIE / Erie Indemnity Company Insider Trades
Insider Sales ERIE / Erie Indemnity Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ERIE / Erie Indemnity Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ERIE / Erie Indemnity Company Insider Trades
Insider Purchases MPB / Mid Penn Bancorp, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ERIE / Erie Indemnity Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2024-09-30 MPB Hudson Brian Arden Sr. 168 29.8300 168 29.8300 5,011 42 33.0200 536 10.70
2024-06-28 MPB Hudson Brian Arden Sr. 227 21.9500 227 21.9500 4,983
2024-03-28 MPB Hudson Brian Arden Sr. 250 20.0100 250 20.0100 5,002
2023-12-29 MPB Hudson Brian Arden Sr. 206 24.2800 206 24.2800 5,002
2023-09-29 MPB Hudson Brian Arden Sr. 248 20.1300 248 20.1300 4,992
2023-06-30 MPB Hudson Brian Arden Sr. 227 22.0800 227 22.0800 5,012
2023-03-31 MPB Hudson Brian Arden Sr. 195 25.6100 195 25.6100 4,994
2022-12-30 MPB Hudson Brian Arden Sr. 167 29.9700 167 29.9700 5,005
2022-09-30 MPB Hudson Brian Arden Sr. 174 28.7300 174 28.7300 4,999
2022-06-30 MPB Hudson Brian Arden Sr. 185 26.9700 185 26.9700 4,989

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

MPB / Mid Penn Bancorp, Inc. Insider Trades
Insider Sales MPB / Mid Penn Bancorp, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ERIE / Erie Indemnity Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2025-05-08 MPB Hudson Brian Arden Sr. 500 28.8257 500 28.8257 14,413 28 25.9600 -1,432 -9.94

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

MPB / Mid Penn Bancorp, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Hudson Brian Arden Sr. as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-05-09 2025-05-08 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		S - Sale -500 6,914 -6.74 28.83 -14,413 199,305
2025-04-03 2025-04-01 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Restricted Stock 		A - Award 1,945 1,945
2024-10-02 2024-09-30 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 168 6,341 2.72 29.83 5,011 189,143
2024-07-02 2024-06-28 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 227 6,135 3.84 21.95 4,983 134,670
2024-04-03 2024-04-01 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Restricted Stock 		A - Award 999 2,759 56.76
2024-04-01 2024-03-28 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 250 4,115 6.47 20.01 5,002 82,334
2024-01-02 2023-12-29 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 206 3,833 5.68 24.28 5,002 93,067
2023-10-02 2023-09-29 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 248 3,598 7.40 20.13 4,992 72,432
2023-07-05 2023-06-30 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 227 3,325 7.33 22.08 5,012 73,409
2023-06-02 2023-06-01 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		A - Award 1,760 1,760
2023-04-03 2023-03-31 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 195 1,941 11.17 25.61 4,994 49,715
2023-01-03 2022-12-30 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 167 1,738 10.63 29.97 5,005 52,095
2022-10-03 2022-09-30 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 174 1,566 12.50 28.73 4,999 45,005
2022-07-01 2022-06-30 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		P - Purchase 185 1,388 15.38 26.97 4,989 37,434
2022-04-27 2022-04-25 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 71 2,147 3.44 173.81 12,424 373,251
2022-04-21 2022-04-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 13 2,076 0.64 178.94 2,369 371,477
2022-04-05 2022-04-01 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		A - Award 1,133 1,836 161.17
2022-02-01 2022-01-31 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 71 2,063 3.59 184.10 13,159 379,752
2022-01-21 2022-01-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 13 1,991 0.68 175.33 2,354 349,130
2021-11-01 2021-10-31 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 71 1,978 3.75 205.81 14,710 407,061
2021-10-21 2021-10-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 11 1,906 0.58 198.71 2,184 378,815
2021-08-02 2021-07-31 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 71 1,895 3.92 184.89 13,215 350,437
2021-07-21 2021-07-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 12 1,824 0.65 184.55 2,171 336,602
2021-06-02 2021-06-01 4 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		A - Award 703 703
2021-04-21 2021-04-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 8 1,812 0.46 223.15 1,867 404,379
2021-04-20 2021-04-19 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 92 1,804 5.35 224.86 20,597 405,597
2021-02-01 2021-01-31 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 92 1,712 5.65 243.10 22,267 416,230
2021-01-27 3 MPB MID PENN BANCORP INC
Mid Penn Bancorp, Inc. Common Stock 		500
2021-01-21 2021-01-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 8 1,621 0.47 242.66 1,859 393,251
2020-12-30 2020-12-29 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 15 1,613 0.92 242.09 3,563 390,472
2020-11-02 2020-10-31 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 92 1,598 6.08 232.87 21,330 372,174
2020-10-21 2020-10-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 8 1,507 0.51 224.95 1,712 338,912
2020-08-03 2020-07-31 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 92 1,499 6.51 210.12 19,246 314,970
2020-07-22 2020-07-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 8 1,407 0.59 206.07 1,704 290,024
2020-04-22 2020-04-22 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 8 1,399 0.54 177.41 1,343 248,221
2020-04-20 2020-04-20 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 87 1,392 6.64 176.84 15,314 246,085
2020-02-03 2020-02-03 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 87 1,305 7.11 166.50 14,418 217,278
2020-01-23 2020-01-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 8 1,218 0.66 167.57 1,335 204,163
2019-11-04 2019-11-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 87 1,210 7.71 184.27 15,957 223,041
2019-10-24 2019-10-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 7 1,124 0.60 186.38 1,239 209,455
2019-08-01 2019-08-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 87 1,117 8.40 222.77 19,291 248,870
2019-07-24 2019-07-24 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 5 1,031 0.45 266.00 1,235 274,129
2019-05-01 2019-04-30 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 126 1,026 14.04 187.03 23,617 191,877
2019-04-24 2019-04-24 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 5 900 0.57 181.02 919 162,854
2019-03-25 2019-03-25 4 ERIE ERIE INDEMNITY CO
Class A Common Stock 		P - Purchase 115 295 63.89 174.03 20,014 51,340
2019-02-01 2019-02-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 126 895 16.44 146.38 18,484 130,947
2019-01-25 2019-01-24 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 6 768 0.84 141.85 913 108,983
2018-11-02 2018-11-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 126 762 19.87 129.69 16,376 98,806
2018-10-24 2018-10-24 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 7 636 1.09 123.46 846 78,470
2018-08-02 2018-08-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 126 629 25.13 124.24 15,688 78,114
2018-07-24 2018-07-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 7 502 1.41 120.08 840 60,335
2018-04-24 2018-04-24 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 121 495 32.17 118.46 14,286 58,692
2018-04-24 2018-04-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Share Credits 		J - Other 4 375 0.94 117.93 413 44,207
2018-03-27 2018-03-26 4 ERIE ERIE INDEMNITY CO
Class A Common Stock 		P - Purchase 180 180 115.30 20,754 20,754
2018-02-02 2018-02-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 121 371 48.09 118.76 14,322 44,102
2018-01-24 2018-01-24 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 3 251 1.40 118.38 410 29,685
2017-11-03 2017-11-01 4/A ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 121 247 95.19 120.80 14,568 29,873
2017-11-02 2017-11-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 121 247 95.19 127.46 15,371 31,520
2017-10-24 2017-10-23 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 3 127 2.48 123.84 380 15,690
2017-08-02 2017-08-01 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 121 124 3,981.45 127.46 15,371 15,757
2017-07-24 2017-07-21 4 ERIE ERIE INDEMNITY CO
Directors' Deferred Compensation Phantom Units 		J - Other 3 3 124.62 377 377
2017-04-28 3 ERIE ERIE INDEMNITY CO
No Securities Beneficially Owned 		0
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)