Mercury General officer granted 1,388.3 RSUs
Mercury General Corp officer Mark Allan Ribisi reported a new equity-based award.
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
Grant/Award: 1,388.3 shares
Grant/Award
1 txn
Insider
Ribisi Mark Allan
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,388.3 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 1,388.3 contracts (Direct)
Footnotes (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: 1,388.3 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
