[Form 4] MERCURY GENERAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Mercury General Corp VP/Chief Product Officer Jeffrey Michael Schroeder received a compensation grant of 1,388.3 restricted stock units on February 21, 2026. Each unit is economically equivalent to one share of Mercury’s common stock. The award will vest in three equal annual installments beginning on February 21, 2027.

Upon each vesting date, the company will settle the vested units in cash rather than delivering shares. After this grant, Schroeder’s reported holdings from this award total 1,388.3 restricted stock units, reflecting a routine, compensation-related acquisition rather than an open-market stock purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Schroeder Jeffrey Michael

Role VP/Chief Product Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,388.3	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,388.3 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 1,388.3 units Economic equivalence: 1 unit = 1 share Vesting start date: February 21, 2027 +1 more

4 metrics

RSUs granted 1,388.3 units Restricted stock unit grant on February 21, 2026

Economic equivalence 1 unit = 1 share Each restricted stock unit equals one share of common stock

Vesting start date February 21, 2027 First of three equal annual vesting installments

Settlement form Cash Units will be settled in cash 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 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 →

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^*

Schroeder Jeffrey Michael

(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 Product 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)
			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		1,388.3		(1)	(1)	Common Stock	1,388.3	$0	1,388.3	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)

FAQ

What did Mercury General (MCY) executive Jeffrey Schroeder report on this Form 4?

Jeffrey Schroeder reported receiving 1,388.3 restricted stock units as compensation. These units are tied to Mercury General’s common stock and will vest over time, with the value ultimately paid in cash instead of shares when they vest.

How many restricted stock units did MCY grant to Jeffrey Schroeder?

Mercury General granted Jeffrey Schroeder 1,388.3 restricted stock units. Each unit is economically equivalent to one share of common stock, giving him cash-settled exposure to the company’s equity value as the award vests over the specified schedule.

What is the vesting schedule for Jeffrey Schroeder’s MCY restricted stock units?

The restricted stock units will vest in three equal annual installments starting February 21, 2027. This means the award releases value gradually over three years, encouraging longer-term alignment between Schroeder’s compensation and Mercury General’s performance.

Are Jeffrey Schroeder’s MCY restricted stock units settled in shares or cash?

The restricted stock units will be settled in cash upon vesting rather than delivering actual shares. Although each unit equals one share economically, Schroeder will receive cash payments based on the value at vesting instead of additional MCY stock.

Does this Form 4 show Jeffrey Schroeder buying or selling MCY stock on the market?

The Form 4 shows a grant of restricted stock units as compensation, not an open-market trade. The transaction is coded as an award acquisition, indicating Mercury General granted the units rather than Schroeder buying or selling shares in the market.