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[Form 4] Richardson Electronics Ltd Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Erie Indemnity Co. (ERIE) Form 4, filed 24-Jul-2025, shows Director Jonathan Hirt Hagen鈥檚 only reportable activity on 22-Jul-2025 was the automatic crediting of 62.518 Directors鈥� Deferred Compensation Share Credits (transaction code J) through dividend reinvestment. These share credits represent a future right to receive an equal number of Class A common shares when board service ends; they have no strike price or expiration.

After the transaction Hagen beneficially owns:

  • 223,130 Class A shares held directly
  • 400 Class A shares held indirectly by son and daughter (disclaimed)
  • 16,580.64 deferred share credits held directly
  • Convertible Class B holdings that equate to 5,616,000 Class A shares when fully converted, held both directly and as co-trustee/beneficiary of family trusts
No open-market purchases or sales of Class A stock occurred, and total direct economic exposure changed by less than 0.1%. The filing signals routine reinvestment rather than a deliberate buy or sell decision.

Erie Indemnity Co. (ERIE) ha presentato il Modulo 4 il 24 lug 2025, che mostra come l'unica attivit脿 segnalabile del Direttore Jonathan Hirt Hagen il 22 lug 2025 sia stata l'accredito automatico di 62.518 Crediti di Compensazione Differita per Amministratori (codice transazione J) tramite il reinvestimento dei dividendi. Questi crediti rappresentano un diritto futuro a ricevere un numero uguale di azioni ordinarie di Classe A al termine del servizio nel consiglio; non hanno prezzo di esercizio n茅 scadenza.

Dopo la transazione, Hagen possiede effettivamente:

  • 223.130 azioni di Classe A detenute direttamente
  • 400 azioni di Classe A detenute indirettamente da figlio e figlia (rinunciate)
  • 16.580,64 crediti di azioni differite detenuti direttamente
  • Partecipazioni in azioni convertibili di Classe B equivalenti a 5.616.000 azioni di Classe A una volta completamente convertite, detenute sia direttamente che come co-trustee/beneficiario di trust familiari
Non si sono verificate compravendite sul mercato aperto di azioni di Classe A, e l'esposizione economica diretta totale 猫 cambiata di meno dello 0,1%. La dichiarazione indica un reinvestimento di routine piuttosto che una decisione deliberata di acquisto o vendita.

Erie Indemnity Co. (ERIE) present贸 el Formulario 4 el 24 de julio de 2025, que muestra que la 煤nica actividad reportable del Director Jonathan Hirt Hagen el 22 de julio de 2025 fue el abono autom谩tico de 62.518 Cr茅ditos de Participaci贸n Diferida para Directores (c贸digo de transacci贸n J) mediante la reinversi贸n de dividendos. Estos cr茅ditos representan un derecho futuro a recibir un n煤mero igual de acciones ordinarias Clase A al finalizar el servicio en la junta; no tienen precio de ejercicio ni vencimiento.

Despu茅s de la transacci贸n, Hagen posee beneficiosamente:

  • 223,130 acciones Clase A en propiedad directa
  • 400 acciones Clase A en propiedad indirecta a trav茅s de su hijo e hija (renunciadas)
  • 16,580.64 cr茅ditos de acciones diferidas en propiedad directa
  • Participaciones convertibles de Clase B equivalentes a 5,616,000 acciones Clase A cuando se convierten completamente, en propiedad directa y como co-fideicomisario/beneficiario de fideicomisos familiares
No hubo compras ni ventas en mercado abierto de acciones Clase A, y la exposici贸n econ贸mica directa total cambi贸 menos del 0.1%. La presentaci贸n indica una reinversi贸n rutinaria m谩s que una decisi贸n deliberada de compra o venta.

Erie Indemnity Co. (ERIE)電� 2025雲� 7鞗� 24鞚检棎 鞝滌稖頃� Form 4鞐愳劀 鞚挫偓 Jonathan Hirt Hagen鞚� 2025雲� 7鞗� 22鞚� 鞙犾澕頃� 氤搓碃 臧�電ロ暅 頇滊彊鞚� 氚半嫻旮� 鞛埇鞛愲ゼ 韱淀暅 62,518氇呾潣 鞚挫偓 歆�鞐� 氤挫儊 欤检嫕 韥爤霐�(瓯半灅 旖旊摐 J)鞚� 鞛愲彊 鞝侂鞛勳潉 氤挫棳欷嶋媹雼�. 鞚� 欤检嫕 韥爤霐ъ潃 鞚挫偓須� 靹滊箘鞀� 膦呺 鞁� 霃欖澕頃� 靾橃潣 韥措灅鞀� A 氤错喌欤茧ゼ 氚涭潉 氙鸽灅 甓岆Μ毳� 雮橅儉雮措┌, 頄夓偓臧�瓴╈澊雮� 毵岆鞚检澊 鞐嗢姷雼堧嫟.

瓯半灅 頉� Hagen鞚� 雼れ潓鞚� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨姷雼堧嫟:

  • 223,130 韥措灅鞀� A 欤检嫕 歆侅爲 氤挫湢
  • 400 韥措灅鞀� A 欤检嫕 鞎勲摛瓿� 霐胳潉 韱淀暣 臧勳爲 氤挫湢 (甓岆Μ 韽赴)
  • 16,580.64 歆�鞐� 欤检嫕 韥爤霐� 歆侅爲 氤挫湢
  • 鞕勳爠頌� 鞝勴櫂 鞁� 5,616,000 韥措灅鞀� A 欤检嫕鞐� 頃措嫻頃橂姅 鞝勴櫂 臧�電ロ暅 韥措灅鞀� B 氤挫湢攵�, 歆侅爲 氤挫湢 氚� 臧�臁� 鞁犿儊鞚� 瓿惦彊 靾橅儊鞛�/靾橅槣鞛愲靹� 氤挫湢
韥措灅鞀� A 欤检嫕鞚� 瓿店皽 鞁滌灔 毵るГ電� 鞐嗢棃鞙茧┌, 齑� 歆侅爲 瓴届牅 雲胳稖鞚� 0.1% 氙鸽鞙茧 氤�霃欗枅鞀惦媹雼�. 鞚� 鞝滌稖鞚� 鞚橂弰鞝侅澑 毵れ垬 霕愲姅 毵る弰 瓴办爼氤措嫟電� 鞚检儊鞝侅澑 鞛埇鞛愲ゼ 雮橅儉雰呺媹雼�.

Erie Indemnity Co. (ERIE) a d茅pos茅 le formulaire 4 le 24 juillet 2025, indiquant que la seule activit茅 d茅clarable du directeur Jonathan Hirt Hagen le 22 juillet 2025 茅tait le cr茅dit automatique de 62 518 cr茅dits d'actions diff茅r茅es pour administrateurs (code transaction J) via la r茅investissement des dividendes. Ces cr茅dits repr茅sentent un droit futur 脿 recevoir un nombre 茅gal d'actions ordinaires de classe A 脿 la fin du mandat au conseil ; ils n'ont ni prix d'exercice ni date d'expiration.

Apr猫s la transaction, Hagen d茅tient effectivement :

  • 223 130 actions de classe A d茅tenues directement
  • 400 actions de classe A d茅tenues indirectement par son fils et sa fille (renonc茅es)
  • 16 580,64 cr茅dits d'actions diff茅r茅es d茅tenus directement
  • Participations convertibles de classe B 茅quivalentes 脿 5 616 000 actions de classe A une fois totalement converties, d茅tenues directement et en tant que co-trustee/b茅n茅ficiaire de trusts familiaux
Aucune transaction d'achat ou de vente d'actions de classe A sur le march茅 ouvert n'a eu lieu, et l'exposition 茅conomique directe totale a chang茅 de moins de 0,1 %. Le d茅p么t signale un r茅investissement de routine plut么t qu'une d茅cision d'achat ou de vente d茅lib茅r茅e.

Erie Indemnity Co. (ERIE) reichte am 24. Juli 2025 Formular 4 ein, das zeigt, dass die einzige meldepflichtige Aktivit盲t des Direktors Jonathan Hirt Hagen am 22. Juli 2025 die automatische Gutschrift von 62.518 Direktoren-Verg眉tungsr眉ckstellungsgutschriften (Transaktionscode J) durch Dividenden-Reinvestition war. Diese Gutschriften stellen ein zuk眉nftiges Recht dar, bei Beendigung der Vorstandszugeh枚rigkeit eine gleiche Anzahl von Class A Stammaktien zu erhalten; sie haben keinen Aus眉bungspreis oder Verfallsdatum.

Nach der Transaktion besitzt Hagen wirtschaftlich:

  • 223.130 Class A Aktien direkt gehalten
  • 400 Class A Aktien indirekt gehalten durch Sohn und Tochter (abgelehnt)
  • 16.580,64 zur眉ckgestellte Aktiengutschriften direkt gehalten
  • Wandelbare Class B Beteiligungen, die bei vollst盲ndiger Umwandlung 5.616.000 Class A Aktien entsprechen, direkt und als Miterbe/Verm枚gensverwalter von Familienstiftungen gehalten
Es fanden keine K盲ufe oder Verk盲ufe von Class A Aktien am offenen Markt statt, und die gesamte direkte wirtschaftliche Beteiligung 盲nderte sich um weniger als 0,1 %. Die Meldung signalisiert eine routinem盲脽ige Reinvestition und keine gezielte Kauf- oder Verkaufsentscheidung.

Positive
  • Director鈥檚 equity stake incrementally increases through automatic dividend reinvestment, reinforcing alignment with shareholders.
Negative
  • Transaction size is immaterial (~0.03% of director鈥檚 existing Class A exposure), offering no meaningful trading signal.

Insights

TL;DR: Routine dividend reinvestment; immaterial to valuation.

The 62.5 share-credit addition (~US$23k) marginally increases the director鈥檚 deferred stake and does not affect the public float or insider sentiment. Hagen already controls millions of Class A-equivalent shares via Class B conversion rights, so this bookkeeping entry is negligible. No buying or selling signal is implied; therefore impact on ERIE鈥檚 share-price outlook is neutral.

TL;DR: Filing reflects standard board compensation; no governance red flags.

The transaction arises from the Outside Directors鈥� Deferred Compensation Plan鈥攃ommon practice for aligning directors with shareholders. Disclosure of large Class B holdings reaffirms dual-class structure but was previously known. There are no unusual related-party dealings or sudden disposals, so governance risk remains unchanged.

Erie Indemnity Co. (ERIE) ha presentato il Modulo 4 il 24 lug 2025, che mostra come l'unica attivit脿 segnalabile del Direttore Jonathan Hirt Hagen il 22 lug 2025 sia stata l'accredito automatico di 62.518 Crediti di Compensazione Differita per Amministratori (codice transazione J) tramite il reinvestimento dei dividendi. Questi crediti rappresentano un diritto futuro a ricevere un numero uguale di azioni ordinarie di Classe A al termine del servizio nel consiglio; non hanno prezzo di esercizio n茅 scadenza.

Dopo la transazione, Hagen possiede effettivamente:

  • 223.130 azioni di Classe A detenute direttamente
  • 400 azioni di Classe A detenute indirettamente da figlio e figlia (rinunciate)
  • 16.580,64 crediti di azioni differite detenuti direttamente
  • Partecipazioni in azioni convertibili di Classe B equivalenti a 5.616.000 azioni di Classe A una volta completamente convertite, detenute sia direttamente che come co-trustee/beneficiario di trust familiari
Non si sono verificate compravendite sul mercato aperto di azioni di Classe A, e l'esposizione economica diretta totale 猫 cambiata di meno dello 0,1%. La dichiarazione indica un reinvestimento di routine piuttosto che una decisione deliberata di acquisto o vendita.

Erie Indemnity Co. (ERIE) present贸 el Formulario 4 el 24 de julio de 2025, que muestra que la 煤nica actividad reportable del Director Jonathan Hirt Hagen el 22 de julio de 2025 fue el abono autom谩tico de 62.518 Cr茅ditos de Participaci贸n Diferida para Directores (c贸digo de transacci贸n J) mediante la reinversi贸n de dividendos. Estos cr茅ditos representan un derecho futuro a recibir un n煤mero igual de acciones ordinarias Clase A al finalizar el servicio en la junta; no tienen precio de ejercicio ni vencimiento.

Despu茅s de la transacci贸n, Hagen posee beneficiosamente:

  • 223,130 acciones Clase A en propiedad directa
  • 400 acciones Clase A en propiedad indirecta a trav茅s de su hijo e hija (renunciadas)
  • 16,580.64 cr茅ditos de acciones diferidas en propiedad directa
  • Participaciones convertibles de Clase B equivalentes a 5,616,000 acciones Clase A cuando se convierten completamente, en propiedad directa y como co-fideicomisario/beneficiario de fideicomisos familiares
No hubo compras ni ventas en mercado abierto de acciones Clase A, y la exposici贸n econ贸mica directa total cambi贸 menos del 0.1%. La presentaci贸n indica una reinversi贸n rutinaria m谩s que una decisi贸n deliberada de compra o venta.

Erie Indemnity Co. (ERIE)電� 2025雲� 7鞗� 24鞚检棎 鞝滌稖頃� Form 4鞐愳劀 鞚挫偓 Jonathan Hirt Hagen鞚� 2025雲� 7鞗� 22鞚� 鞙犾澕頃� 氤搓碃 臧�電ロ暅 頇滊彊鞚� 氚半嫻旮� 鞛埇鞛愲ゼ 韱淀暅 62,518氇呾潣 鞚挫偓 歆�鞐� 氤挫儊 欤检嫕 韥爤霐�(瓯半灅 旖旊摐 J)鞚� 鞛愲彊 鞝侂鞛勳潉 氤挫棳欷嶋媹雼�. 鞚� 欤检嫕 韥爤霐ъ潃 鞚挫偓須� 靹滊箘鞀� 膦呺 鞁� 霃欖澕頃� 靾橃潣 韥措灅鞀� A 氤错喌欤茧ゼ 氚涭潉 氙鸽灅 甓岆Μ毳� 雮橅儉雮措┌, 頄夓偓臧�瓴╈澊雮� 毵岆鞚检澊 鞐嗢姷雼堧嫟.

瓯半灅 頉� Hagen鞚� 雼れ潓鞚� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨姷雼堧嫟:

  • 223,130 韥措灅鞀� A 欤检嫕 歆侅爲 氤挫湢
  • 400 韥措灅鞀� A 欤检嫕 鞎勲摛瓿� 霐胳潉 韱淀暣 臧勳爲 氤挫湢 (甓岆Μ 韽赴)
  • 16,580.64 歆�鞐� 欤检嫕 韥爤霐� 歆侅爲 氤挫湢
  • 鞕勳爠頌� 鞝勴櫂 鞁� 5,616,000 韥措灅鞀� A 欤检嫕鞐� 頃措嫻頃橂姅 鞝勴櫂 臧�電ロ暅 韥措灅鞀� B 氤挫湢攵�, 歆侅爲 氤挫湢 氚� 臧�臁� 鞁犿儊鞚� 瓿惦彊 靾橅儊鞛�/靾橅槣鞛愲靹� 氤挫湢
韥措灅鞀� A 欤检嫕鞚� 瓿店皽 鞁滌灔 毵るГ電� 鞐嗢棃鞙茧┌, 齑� 歆侅爲 瓴届牅 雲胳稖鞚� 0.1% 氙鸽鞙茧 氤�霃欗枅鞀惦媹雼�. 鞚� 鞝滌稖鞚� 鞚橂弰鞝侅澑 毵れ垬 霕愲姅 毵る弰 瓴办爼氤措嫟電� 鞚检儊鞝侅澑 鞛埇鞛愲ゼ 雮橅儉雰呺媹雼�.

Erie Indemnity Co. (ERIE) a d茅pos茅 le formulaire 4 le 24 juillet 2025, indiquant que la seule activit茅 d茅clarable du directeur Jonathan Hirt Hagen le 22 juillet 2025 茅tait le cr茅dit automatique de 62 518 cr茅dits d'actions diff茅r茅es pour administrateurs (code transaction J) via la r茅investissement des dividendes. Ces cr茅dits repr茅sentent un droit futur 脿 recevoir un nombre 茅gal d'actions ordinaires de classe A 脿 la fin du mandat au conseil ; ils n'ont ni prix d'exercice ni date d'expiration.

Apr猫s la transaction, Hagen d茅tient effectivement :

  • 223 130 actions de classe A d茅tenues directement
  • 400 actions de classe A d茅tenues indirectement par son fils et sa fille (renonc茅es)
  • 16 580,64 cr茅dits d'actions diff茅r茅es d茅tenus directement
  • Participations convertibles de classe B 茅quivalentes 脿 5 616 000 actions de classe A une fois totalement converties, d茅tenues directement et en tant que co-trustee/b茅n茅ficiaire de trusts familiaux
Aucune transaction d'achat ou de vente d'actions de classe A sur le march茅 ouvert n'a eu lieu, et l'exposition 茅conomique directe totale a chang茅 de moins de 0,1 %. Le d茅p么t signale un r茅investissement de routine plut么t qu'une d茅cision d'achat ou de vente d茅lib茅r茅e.

Erie Indemnity Co. (ERIE) reichte am 24. Juli 2025 Formular 4 ein, das zeigt, dass die einzige meldepflichtige Aktivit盲t des Direktors Jonathan Hirt Hagen am 22. Juli 2025 die automatische Gutschrift von 62.518 Direktoren-Verg眉tungsr眉ckstellungsgutschriften (Transaktionscode J) durch Dividenden-Reinvestition war. Diese Gutschriften stellen ein zuk眉nftiges Recht dar, bei Beendigung der Vorstandszugeh枚rigkeit eine gleiche Anzahl von Class A Stammaktien zu erhalten; sie haben keinen Aus眉bungspreis oder Verfallsdatum.

Nach der Transaktion besitzt Hagen wirtschaftlich:

  • 223.130 Class A Aktien direkt gehalten
  • 400 Class A Aktien indirekt gehalten durch Sohn und Tochter (abgelehnt)
  • 16.580,64 zur眉ckgestellte Aktiengutschriften direkt gehalten
  • Wandelbare Class B Beteiligungen, die bei vollst盲ndiger Umwandlung 5.616.000 Class A Aktien entsprechen, direkt und als Miterbe/Verm枚gensverwalter von Familienstiftungen gehalten
Es fanden keine K盲ufe oder Verk盲ufe von Class A Aktien am offenen Markt statt, und die gesamte direkte wirtschaftliche Beteiligung 盲nderte sich um weniger als 0,1 %. Die Meldung signalisiert eine routinem盲脽ige Reinvestition und keine gezielte Kauf- oder Verkaufsentscheidung.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ben Robert J
(Last) (First) (Middle)
40W267 KESLINGER ROAD PO BOX 393
(Street)
LAFOX IL 60147
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RICHARDSON ELECTRONICS, LTD. [ RELL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO, CAO, Corporate Secretary
3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/22/2025 F 500(1) D $9.64 62,034 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares surrendered to Issuer in connection with the vesting of a previously reported grant of restricted shares to satisfy the income tax withholding and remittance obligations of the reporting person at a net settlement price equal to closing price on the NASDAQ Global Select Market on July 22, 2025 of $ 9.64 and does not represent a sale of the reporting person.
/s/ Robert J. Ben 07/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What did ERIE Director Jonathan Hirt Hagen report in the July 2025 Form 4?

He received 62.518 deferred share credits via dividend reinvestment on 22-Jul-2025; no shares were bought or sold.

How many Erie Indemnity Class A shares does Hagen now own directly?

He holds 223,130 Class A common shares directly after the reported transaction.

What are Directors鈥� Deferred Compensation Share Credits at ERIE?

They are bookkeeping entries that convert 1-for-1 into Class A shares when a director鈥檚 service ends; they have no expiration or exercise price.

Does the filing indicate any change in ERIE鈥檚 dual-class structure?

No. It merely restates Hagen鈥檚 sizable Class B holdings, which remain convertible to Class A at 2,400-to-1.

Is this Form 4 transaction material to ERIE investors?

Impact is negligible; the share-credit addition is routine and does not affect float, earnings, or control.
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Richardson Electrs Ltd

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Electronic Components
Wholesale-electronic Parts & Equipment, Nec
United States
LAFOX