Cash-settled RSU grant for Mercury General (MCY) President & COO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joseph Victor George reported acquisition or exercise transactions in this Form 4 filing.
Mercury General Corp reported that President & COO Joseph Victor George received a grant of 2,255.8 restricted stock units, each economically equivalent to one share of common stock. The units vest in three equal annual installments beginning on February 21, 2027 and will be settled in cash upon vesting. Following this compensation grant, George holds 2,255.8 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joseph Victor George
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,255.8 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,255.8 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,255.8 restricted stock units
Post-transaction RSU holdings: 2,255.8 restricted stock units
Vesting schedule: Three equal annual installments
3 metrics
RSU grant size
2,255.8 restricted stock units
Grant to President & COO on February 21, 2026
Post-transaction RSU holdings
2,255.8 restricted stock units
Total restricted stock units held directly after grant
Vesting schedule
Three equal annual installments
Beginning on February 21, 2027, for the RSU award
Key Terms
Restricted Stock Unit, economic equivalent, settled in cash
3 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."
settled in cash financial
"The restricted stock units ... will be settled in cash upon vesting."