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Erie Indemnity Executive Compensation (FY25)

ERIE · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 23, 2026
204 figures on this page: 202 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
Timothy NeCastro was paid $5,395,618 in total compensation as President and Chief Executive Officer for fiscal 2025, and compared with the $9,207,093 reported for fiscal 2024, NeCastro's total was 41.4% lower. Meanwhile, for fiscal 2025, the say-on-pay proposal drew 100.0% support at the meeting held April 21, 2026. Separately, companies named in the disclosed peer group include American Family Insurance Group, Amica Mutual Insurance Group, Auto Club Group, COUNTRY Financial and CSAA Insurance Exchange, among others. The fiscal 2025 disclosure covers 5 named executive officers.
Chief executive, fiscal 2025
◇
Timothy NeCastro
Latest say-on-pay support
=
April 21, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Timothy NeCastro: $9,207,093 → $5,395,618 (41.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Erie Indemnity's chief executive and what were they paid?
Timothy NeCastro was paid $5,395,618 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $9,207,093 reported for fiscal 2024, NeCastro's total was 41.4% lower.
What was Erie Indemnity's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 100.0% support at the meeting held April 21, 2026.
Which companies are in Erie Indemnity's peer group?
Companies named in the disclosed peer group include American Family Insurance Group, Amica Mutual Insurance Group, Auto Club Group, COUNTRY Financial and CSAA Insurance Exchange, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy NeCastro
President and Chief Executive Officer
◇—◇—◇◇◇◇
Douglas Smith
Executive Vice President Sales and Products
◇—◇—◇◇◇◇
Parthasarathy Srinivasa
Executive Vice President and Chief Information Officer
◇◇◇—◇◇◇◇
Julie Pelkowski
Executive Vice President and Chief Financial Officer
◇◇◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy NeCastro
President and Chief Executive Officer
◇◇◇—◇◇◇◇
Julie Pelkowski
Executive Vice President and Chief Financial Officer
◇◇◇—◇◇◇◇
Parthasarathy Srinivasa
Executive Vice President and Chief Information Officer
◇◇◇—◇◇◇◇
Brian Bolash
Executive Vice President, Secretary and General Counsel
◇◇◇—◇◇◇◇
Douglas Smith
Executive Vice President Sales and Products
◇◇◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy NeCastro
President and Chief Executive Officer
◇◇◇—◇◇◇◇
Julie Pelkowski
Executive Vice President and Chief Financial Officer
◇◇◇—◇◇◇◇
Brian Bolash
Executive Vice President, Secretary and General Counsel
◇◇◇—◇◇◇◇
Parthasarathy Srinivasa
Executive Vice President and Chief Information Officer
◇◇◇—◇◇◇◇
Douglas Smith
Executive Vice President Sales and Products
◇◇◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brian W. BolashRSU———◇——◇
Douglas E. SmithRSU———◇——◇
Julie M. PelkowskiRSU———◇——◇
Parthasarathy SrinivasaRSU———◇——◇
Timothy G. NeCastroRSU———◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Julie PelkowskiRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Parthasarathy SrinivasaRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Brian BolashRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Timothy NeCastroPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Douglas SmithRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas B. Hagen
Board chair
◇◇———◇◇
Brian A. Hudson, Sr
◇◇————◇
Jonathan Hirt Hagen
◇◇————◇
Thomas W. Palmer
◇◇————◇
Eugene C. Connell
◇◇————◇
Elizabeth Hirt Vorsheck
◇◇————◇
Salvatore Correnti
◇◇————◇
J. Ralph Borneman, Jr
◇◇————◇
LuAnn Datesh
◇◇————◇
C. Scott Hartz
◇◇————◇
William D. Edwards served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Family Insurance Group symbol not shown
  • Amica Mutual Insurance Group symbol not shown
  • Auto Club Group symbol not shown
  • COUNTRY Financial HBT
  • CSAA Insurance Exchange symbol not shown
  • Farmers Insurance Group symbol not shown
  • Hartford Insurance Group HIG
  • Nationwide Insurance symbol not shown
  • Sentry Insurance Group symbol not shown
  • The Cincinnati Insurance Companies symbol not shown
  • The Hanover Insurance Group Property and Casualty Companies symbol not shown
  • Travelers Group TRV
  • USAA Group symbol not shown
  • Westfield Insurance symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 21, 2026=◇◇◇
2022April 25, 2023=◇◇◇
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What this page does not include

Everything above is a fact Erie Indemnity disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Erie Indemnity sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
204 figures on this page: 202 cited to the filing that reported them, 2 calculated from figures it prints.
202 cited to the filing
2 calculated from the filing

Documents cited

  1. 0001628280-26-026857
  2. 0001193125-26-116761
    Director Compensation · Director Compensation Table for 2025 · Grants of Plan-Based Awards · Outstanding Equity Awards at December 31, 2025 · and 1 more section
  3. 0001193125-25-059831
    Summary Compensation Table
  4. 0001193125-24-074594
    Summary Compensation Table
  5. 0000922621-23-000010
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This page is free to cite. Attribution we ask for:
Velarion, “Erie Indemnity executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/ERIE (accessed 2026).
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Erie Indemnity discloses

The companies named in ERIE's own disclosed peer group.

COUNTRY FinancialHartford Insurance GroupTravelers Group

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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