Mercury General officer granted 1,110.7 RSUs

Butler Kelly Lynn reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Butler Kelly Lynn reported acquisition or exercise transactions in this Form 4 filing.

Mercury General Corp officer Kelly Lynn Butler received a grant of restricted stock units that are tied to the company’s common stock. The award covers 1,110.7000 restricted stock units, each economically equivalent to one share of common stock, with no purchase price paid.

These units will vest in three equal annual installments beginning on February 21, 2027, and will be settled in cash rather than shares when they vest. Following this grant, Butler’s reported holdings for this award total 1,110.7000 restricted stock units, reflecting a routine compensation-related grant rather than an open-market trade.

Insider Trade Summary

Grant/Award: 1,110.7 shares

Grant/Award 1 txn

Insider Butler Kelly Lynn

Role See Remarks

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

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

Footnotes (1)

1. F1. 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.

Key Figures

RSUs granted: 1,110.7000 units Grant price: $0.0000 per unit Units after grant: 1,110.7000 units +1 more

4 metrics

RSUs granted 1,110.7000 units Restricted stock unit grant to officer on February 21, 2026

Grant price $0.0000 per unit Compensation award, no purchase price paid

Units after grant 1,110.7000 units Total restricted stock units reported following transaction

Vesting schedule 3 equal annual installments Beginning on February 21, 2027, cash-settled upon vesting

Key Terms

Restricted Stock Unit, economic equivalent, vest, settled in cash

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 financial

"The restricted stock units will vest in three equal annual installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

settled in cash financial

"and will be settled in cash upon vesting"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MCY report for Kelly Lynn Butler on this Form 4?

Mercury General Corp reported that officer Kelly Lynn Butler received 1,110.7000 restricted stock units as a compensation grant. These units are linked to common stock value but involve no open-market buying or selling activity.

How many restricted stock units did Kelly Lynn Butler receive from Mercury General (MCY)?

Kelly Lynn Butler received a grant of 1,110.7000 restricted stock units. Each unit is economically equivalent to one share of Mercury General’s common stock and represents a compensation award rather than a market purchase.

When do Kelly Lynn Butler’s MCY restricted stock units start vesting?

The restricted stock units begin vesting on February 21, 2027. Vesting occurs in three equal annual installments, spreading the compensation over multiple years and tying value to Butler’s continued service with Mercury General.

How will the Mercury General (MCY) restricted stock units be settled for Kelly Lynn Butler?

The restricted stock units will be settled in cash upon vesting rather than by issuing shares. Their value will mirror Mercury General’s common stock price, but the payout will be cash-based instead of additional equity.

Does this MCY Form 4 show any insider share sales or purchases?

The Form 4 shows no open-market purchases or sales by Kelly Lynn Butler. It reports only a grant of restricted stock units as compensation, with 1,110.7000 units awarded and no sale-related transaction codes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/06/2026 - 04:30 PM Learn about SEC filing dates

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^*

Butler Kelly Lynn

(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)
	See Remarks

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.

Remarks:

VP and Chief Underwriting Officer

	/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)