Mercury General (MCY) VP records RSU conversion and share disposition

Rhea-AI Filing Summary

Mercury General Corp VP and Chief Marketing Officer Erik Dahl Thompson reported compensation-related equity activity. He exercised 535.64 restricted stock units, each economically equivalent to one share of common stock, at a price of $0.0000 per unit, increasing his restricted stock unit balance to 1,071.29 units. He simultaneously acquired 535.64 shares of common stock through this derivative conversion and then disposed of the same 535.64 shares back to the issuer at $86.4400 per share, leaving no directly held shares from this lot. He also reports indirect holdings of 220 common shares through a spouse IRA and 120 common shares through an ESOP account.

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

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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^*

Thompson Erik Dahl

(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)
	VP/Chief Marketing Officer

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		535.64	A	(1)	535.64	D
Common Stock	02/21/2026		D		535.64	D	$86.44	0	D
Common Stock								220	I	By Spouse IRA
Common Stock								120	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			535.64	(1)	(1)	Common Stock	535.64	$0	1,071.29	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.
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FAQ

What did Mercury General (MCY) executive Erik Dahl Thompson report in this Form 4?

Erik Dahl Thompson reported exercising 535.64 restricted stock units into common stock and then disposing of the same 535.64 shares back to Mercury General at $86.4400 per share, reflecting a compensation-related equity transaction rather than an open-market trade.

How many restricted stock units does the MCY executive hold after the reported transaction?

After the transaction, Erik Dahl Thompson holds 1,071.29 restricted stock units. Each unit is economically equivalent to one share of Mercury General common stock and will vest in three equal annual installments beginning on February 21, 2026, with settlement in cash upon vesting.

At what price were Erik Dahl Thompson’s Mercury General shares disposed to the issuer?

The 535.64 common shares obtained from the derivative conversion were disposed to Mercury General at $86.4400 per share. This disposition was coded as a transaction to the issuer, not an open-market sale, and left no directly held shares from that specific lot.

Does the MCY executive still have any indirect ownership of Mercury General common stock?

Yes. Following the reported transactions, Erik Dahl Thompson reports indirect ownership of 220 Mercury General common shares through a spouse IRA and 120 common shares through an ESOP account, in addition to his cash-settled restricted stock units that vest over time.

How do the restricted stock units for Mercury General’s VP vest and settle?

The restricted stock units will vest in three equal annual installments beginning on February 21, 2026. Upon each vesting date, they are settled in cash rather than shares, with each unit treated as the economic equivalent of one share of common stock.