Mercury General (MCY) officer awarded 1,388.3 cash-settled RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Mercury General Corp officer Mark Allan Ribisi reported a new equity-based award. On February 21, 2026, he received 1,388.3 restricted stock units, each economically equivalent to one share of Mercury General common stock. Following this grant, he holds 1,388.3 restricted stock units directly.

The award will vest in three equal annual installments starting on February 21, 2027, and will be settled in cash upon vesting rather than in shares. This filing reflects a compensation-related grant/award acquisition, not an open‑market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ribisi Mark Allan

Role See Remarks

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)

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Key Figures

RSUs granted: 1,388.3 units RSUs after grant: 1,388.3 units Grant price per unit: $0.00 per unit +1 more

4 metrics

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

RSUs after grant 1,388.3 units Total restricted stock units held directly after transaction

Grant price per unit $0.00 per unit Compensation-related award, not open-market purchase

Vesting schedule 3 equal annual installments Beginning February 21, 2027

Key Terms

Restricted Stock Unit, economic equivalent, vest, settled in cash, +1 more

5 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."

derivative financial

"transaction_type": "derivative""

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

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^*

Ribisi Mark Allan

(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)
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		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.

Remarks:

President and Chief Executive Officer of AIS Management LLC

	/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 insider transaction did MCY officer Mark Allan Ribisi report?

Mark Allan Ribisi reported receiving 1,388.3 restricted stock units as compensation. These derivative units are economically equivalent to Mercury General common shares, vest over time, and are settled in cash upon vesting, rather than representing an open-market stock purchase or sale.

How many restricted stock units did Mark Allan Ribisi receive from Mercury General (MCY)?

He received 1,388.3 restricted stock units, each equal in economic value to one Mercury General common share. After this grant, his directly held restricted stock unit balance is 1,388.3 units, according to the reported post-transaction holdings in the insider filing data.

When do Mark Allan Ribisi’s Mercury General (MCY) restricted stock units vest?

The restricted stock units begin vesting on February 21, 2027, in three equal annual installments. This means the award is spread over three years, aligning compensation with continued service and long-term performance rather than vesting immediately at the grant date.

Will Mercury General (MCY) settle Mark Allan Ribisi’s restricted stock units in stock or cash?

Mercury General will settle these restricted stock units in cash upon vesting. Although each unit is the economic equivalent of one share of common stock, the filing specifies cash settlement instead of delivering actual MCY shares when the units vest.

Does this Mercury General (MCY) Form 4 show a stock purchase or sale by Mark Allan Ribisi?

No, it shows a compensation-related grant, coded as an acquisition of derivative securities. The 1,388.3 restricted stock units were awarded at a price of $0.00 per unit, and there are no open-market purchases or sales of Mercury General common stock in this filing.