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

Rhea-AI Filing Summary

Mercury General Corp VP and Chief Sales Officer Colby Nicholas Vincent reported RSU and share transactions. On February 21, 2026, he exercised 689.85 restricted stock units at $0.00 per unit, creating the economic equivalent of the same number of common shares. He then disposed of 689.85 common shares to the issuer at $86.44 per share, leaving no common shares directly held and 1,379.69 restricted stock units outstanding. Each restricted stock unit is the economic equivalent of one share of common stock and will vest in three equal annual installments beginning on February 21, 2026, with settlement in cash upon vesting.

Insider Trade Summary

689.85 shares exercised/converted

Mixed 3 txns

Insider Colby Nicholas Vincent

Role VP/Chief Sales Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	689.85	$0.00	--
Exercise	Common Stock	689.85	$0.00	--
Disposition	Common Stock	689.85	$86.44	$60K

Holdings After Transaction: Restricted Stock Unit — 1,379.69 shares (Direct); Common Stock — 689.85 shares (Direct)

Footnotes (1)

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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^*

Colby Nicholas Vincent

(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 Sales 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		689.85	A	(1)	689.85	D
Common Stock	02/21/2026		D		689.85	D	$86.44	0	D

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			689.85	(1)	(1)	Common Stock	689.85	$0	1,379.69	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 Mercury General (MCY) report for Colby Nicholas Vincent?

Colby Nicholas Vincent reported exercising 689.85 restricted stock units at $0.00 and disposing of 689.85 common shares to Mercury General at $86.44 per share. These moves reflect RSU conversion activity rather than an open-market stock purchase or sale.

How many restricted stock units does the Mercury General (MCY) executive hold after the Form 4?

After the reported transactions, Colby Nicholas Vincent holds 1,379.69 restricted stock units. Each unit is the economic equivalent of one share of Mercury General common stock and will ultimately be settled in cash rather than stock when vesting occurs.

What is the vesting schedule for Mercury General (MCY) restricted stock units in this Form 4?

The restricted stock units vest in three equal annual installments beginning on February 21, 2026. Upon each vesting date, the units are scheduled to be settled in cash, rather than delivering actual shares of Mercury General common stock to the executive.

At what price were Mercury General (MCY) shares disposed of in this insider transaction?

The reported disposition of Mercury General common stock was 689.85 shares at $86.44 per share, transferred to the issuer. This was coded as a disposition to the issuer, not an open-market sale, and followed the RSU-related share acquisition on the same date.

Does the Mercury General (MCY) Form 4 show the executive buying company stock on the market?

No, the Form 4 shows an exercise of 689.85 restricted stock units at $0.00 and a disposition of 689.85 common shares to the issuer at $86.44. The transactions relate to equity compensation, not a discretionary open-market stock purchase.

How are Mercury General (MCY) restricted stock units settled for this executive grant?

Each restricted stock unit is the economic equivalent of one share of Mercury General common stock, but they are settled in cash upon vesting. This means the executive receives a cash payment tied to share value instead of actual shares when units vest.