Mercury General (MCY) CFO logs RSU exercise and share disposition

Rhea-AI Filing Summary

Mercury General Corp SVP & CFO Theodore R. Stalick reported several equity transactions involving restricted stock units and common stock. On February 21, 2026, he exercised 1,426.44 restricted stock units, which are each economically equivalent to one share of common stock, and acquired 1,426.44 shares of common stock at a stated price of $0.00 per share through a derivative exercise.

On the same date, he disposed of 1,426.44 common shares to the issuer at a transaction price of $86.44 per share, classified as a disposition to the issuer. After these transactions, his directly held common stock position was 4,343.00 shares, and he also had 1,307.00 common shares held indirectly through an ESOP. His restricted stock unit balance following the derivative transaction was 2,852.87 units, which will vest in three equal annual installments beginning on February 21, 2026 and be settled in cash upon vesting.

Insider Trade Summary

1,426.44 shares exercised/converted

Mixed 4 txns

Insider STALICK THEODORE R

Role SVP & CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,426.44	$0.00	--
Exercise	Common Stock	1,426.44	$0.00	--
Disposition	Common Stock	1,426.44	$86.44	$123K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 2,852.87 shares (Direct); Common Stock — 5,769.44 shares (Direct); Common Stock — 1,307 shares (Indirect, By ESOP)

Footnotes (1)

1. [object Object]

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^*

STALICK THEODORE R

(Last) (First) (Middle)

C/O MERCURY GENERAL CORP.

4484 WILSHIRE BOULEVARD

(Street)

LOS ANGELES CA 90010

(City) (State) (Zip)

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)
	SVP & CFO

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

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	02/21/2026		M		1,426.44	A	(1)	5,769.44	D
Common Stock	02/21/2026		D		1,426.44	D	$86.44	4,343	D
Common Stock								1,307	I	By ESOP

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		M			1,426.44	(1)	(1)	Common Stock	1,426.44	$0	2,852.87	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, 2026, and will be settled in cash upon vesting.

	/s/ Judy Walters, Attorney-in-Fact	02/24/2026
	** 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.

FAQ

What insider transactions did MCY executive Theodore R. Stalick report on this Form 4?

The filing shows Theodore R. Stalick exercised 1,426.44 restricted stock units into common stock and then disposed of 1,426.44 common shares to the issuer at $86.44 per share, along with updated direct and indirect common stock and RSU balances.

How many Mercury General (MCY) shares does Theodore R. Stalick directly own after these transactions?

After the reported transactions, Theodore R. Stalick directly holds 4,343.00 shares of Mercury General common stock. In addition, he has 1,307.00 common shares held indirectly through an ESOP, as well as 2,852.87 restricted stock units outstanding following the derivative transaction.

What is the nature of the restricted stock units reported by MCY’s SVP & CFO?

Each restricted stock unit is economically equivalent to one share of Mercury General common stock. These units vest in three equal annual installments beginning February 21, 2026, and will be settled in cash upon vesting, rather than delivering actual shares at that time.

At what price were Mercury General (MCY) shares disposed to the issuer in this Form 4?

The Form 4 reports a disposition of 1,426.44 shares of Mercury General common stock to the issuer at a transaction price of $86.44 per share. This transaction is classified as a disposition to the issuer rather than an open-market sale.

How did the derivative exercise affect MCY restricted stock unit holdings for Theodore R. Stalick?

Following the derivative transaction, Theodore R. Stalick’s restricted stock unit balance is 2,852.87 units. These units are each economically equivalent to one common share and are scheduled to vest in three equal annual installments starting February 21, 2026, with cash settlement on vesting.