Mercury General (MCY) VP granted 1,110.7 cash-settled RSUs

Rhea-AI Filing Summary

Gibbs Katelyn Marie reported acquisition or exercise transactions in this Form 4 filing.

Mercury General Corp VP/Chief Experience Officer Katelyn Marie Gibbs received a grant of 1,110.7 restricted stock units. Each unit is economically equivalent to one share of common stock. The award vests in three equal annual installments beginning on February 21, 2027 and will be settled in cash when it vests. Following this grant, she is reported as holding 1,110.7 restricted stock units directly, reflecting a compensation-related award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gibbs Katelyn Marie

Role VP/Chief Experience Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,110.7	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,110.7 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 1,110.7 units Post-grant RSU holdings: 1,110.7 units Vesting start date: February 21, 2027

3 metrics

RSU grant size 1,110.7 units Restricted stock units granted on February 21, 2026

Post-grant RSU holdings 1,110.7 units Total restricted stock units following the transaction

Vesting start date February 21, 2027 First of three equal annual vesting installments

Key Terms

Restricted Stock Unit, economic equivalent, vest in three equal annual installments, settled in cash upon vesting

4 terms

Restricted Stock Unit financial

"Each restricted stock unit is the economic equivalent of one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

economic equivalent financial

"Each restricted stock unit is the economic equivalent of one share"

vest in three equal annual installments financial

"will vest in three equal annual installments beginning on February 21, 2027"

settled in cash upon vesting financial

"and will be settled in cash upon vesting"

Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gibbs Katelyn Marie

(Last) (First) (Middle)

C/O MERCURY GENERAL CORP.

4484 WILSHIRE BOULEVARD

(Street)

LOS ANGELES CALIFORNIA 90010

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MERCURY GENERAL CORP [ MCY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP/Chief Experience Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Restricted Stock Unit	(1)	02/21/2026		A		1,110.7		(1)	(1)	Common Stock	1,110.7	$0	1,110.7	D

Explanation of Responses:

1. Each restricted stock unit is the economic equivalent of one share of the Issuer's Common Stock. The restricted stock units will vest in three equal annual installments beginning on February 21, 2027, and will be settled in cash upon vesting.

	/s/ Judy Walters, Attorney-in-Fact	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Mercury General (MCY) disclose about Katelyn Marie Gibbs in this Form 4?

Mercury General reported that VP/Chief Experience Officer Katelyn Marie Gibbs received 1,110.7 restricted stock units as a compensation-related award. These units are tied to the company’s common stock and represent an additional incentive aligned with the company’s performance over time.

How many restricted stock units did MCY grant to Katelyn Marie Gibbs?

The filing shows a grant of 1,110.7 restricted stock units to Katelyn Marie Gibbs. Each unit is economically equivalent to one share of Mercury General’s common stock, providing her with a cash-settled incentive linked to the company’s share value at vesting.

When do Katelyn Marie Gibbs’s MCY restricted stock units vest?

The 1,110.7 restricted stock units vest in three equal annual installments beginning on February 21, 2027. This staggered vesting schedule is designed to encourage ongoing service and align her long-term interests with Mercury General’s performance and shareholder outcomes.

Will the MCY restricted stock units be settled in shares or cash?

According to the filing, Katelyn Marie Gibbs’s restricted stock units will be settled in cash upon vesting. Although each unit is economically equivalent to one share of common stock, settlement in cash means she receives cash value rather than additional MCY shares.

Is this MCY Form 4 a stock purchase or a compensation grant?

This Form 4 reflects a compensation grant, not an open-market stock purchase. The transaction is coded as an award of restricted stock units, representing an acquisition of derivative-based compensation that vests over time instead of a discretionary buy or sell in the market.