Mercury General (MCY) VP/CMO awarded 916.3 cash-settled restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Thompson Erik Dahl reported acquisition or exercise transactions in this Form 4 filing.

Mercury General Corp VP/Chief Marketing Officer Erik Dahl Thompson received a grant of 916.3 restricted stock units tied to the company’s common stock. Each unit is the economic equivalent of one share of common stock but will be settled in cash rather than stock.

The restricted stock units will vest in three equal annual installments beginning on February 21, 2027, providing a staggered, long-term compensation incentive. Following this grant, Thompson holds 916.3 restricted stock units directly under this award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Thompson Erik Dahl

Role VP/Chief Marketing Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	916.3	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 916.3 shares (Direct)

Footnotes (1)

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Key Figures

Restricted stock units granted: 916.3 units Units outstanding after grant: 916.3 units Vesting schedule: 3 equal annual installments +1 more

4 metrics

Restricted stock units granted 916.3 units Grant to VP/Chief Marketing Officer on February 21, 2026

Units outstanding after grant 916.3 units Total restricted stock units held under this award following transaction

Vesting schedule 3 equal annual installments Beginning February 21, 2027 for restricted stock units

Settlement type Cash upon vesting Each restricted stock unit economically equals one share of common stock

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 of the Issuer's Common Stock."

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 of the Issuer's Common Stock."

vest financial

"The restricted stock units will vest in three equal annual installments beginning on February 21, 2027"

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."

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 04:30 PM

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^*

Thompson Erik Dahl

(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 Marketing 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	02/21/2026		A		916.3		⁽¹⁾	⁽¹⁾	Common Stock	916.3	$0	916.3	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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Mercury General (MCY) disclose about Erik Dahl Thompson in this Form 4?

Mercury General reported that VP/Chief Marketing Officer Erik Dahl Thompson received 916.3 restricted stock units. These units are compensation-based awards, economically equivalent to common shares but payable in cash as they vest over time in three equal annual installments.

How many restricted stock units did the MCY executive receive in this grant?

Erik Dahl Thompson received 916.3 restricted stock units. Each unit represents the economic equivalent of one share of Mercury General common stock, providing cash-settled, stock-linked compensation that aligns his pay with company performance over a multi-year vesting period.

When do the restricted stock units granted to the MCY VP/CMO vest?

The restricted stock units vest in three equal annual installments beginning on February 21, 2027. This structure spreads the benefit over several years, encouraging long-term retention and alignment with Mercury General’s ongoing performance and executive service continuity.

Are the MCY executive’s restricted stock units settled in stock or cash?

The restricted stock units are settled in cash upon vesting. Although each unit is the economic equivalent of one share of Mercury General common stock, the award does not deliver actual shares and instead provides a cash payment tied to the underlying value.

Does this Form 4 show an open-market buy or sell of MCY shares?

No open-market buy or sell is reported. The filing shows a grant of 916.3 restricted stock units as compensation, classified as an acquisition under transaction code A, rather than a market purchase or sale of Mercury General common shares.