MCY CEO exercises units, returns shares to issuer

Mercury General Corp director and CEO Gabriel Tirador reported equity award activity.

Rhea-AI Filing Summary

Mercury General Corp director and CEO Gabriel Tirador reported equity award activity. He exercised 4,348.64 restricted stock units into the same number of common shares at a stated price of $0 per share, then disposed of 4,348.64 common shares to the issuer at $86.44 per share. After these transactions, he directly held 48,887 common shares and 8,697.27 restricted stock units, plus 2,315 common shares held indirectly through an ESOP.

Insider Trade Summary

4,348.64 shares exercised/converted

Exercise 4 txns

Insider TIRADOR GABRIEL

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	4,348.64	$0.00	$0.00
Exercise	Common Stock	4,348.64	$0.00	$0.00
Disposition	Common Stock	4,348.64	$86.44	$376K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 8,697.27 contracts (Direct); Common Stock — 48,887 shares (Direct); Common Stock — 2,315 shares (Indirect, By ESOP)

Footnotes (1)

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, 2026, and will be settled in cash upon vesting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did MCY CEO Gabriel Tirador report on this Form 4?

Gabriel Tirador reported exercising 4,348.64 restricted stock units into common shares, then disposing of 4,348.64 common shares to Mercury General Corp as an issuer transaction, both dated February 21, 2026.

How many Mercury General (MCY) shares does Gabriel Tirador hold after these transactions?

After the reported transactions, Gabriel Tirador directly holds 48,887 shares of Mercury General common stock, plus 8,697.27 restricted stock units, and indirectly holds 2,315 additional common shares through an ESOP arrangement.

What price was used for the MCY stock disposed to the issuer on this Form 4?

The 4,348.64 shares of Mercury General common stock disposed to the issuer were reported at a transaction price of $86.44 per share, classified as a disposition to the issuer, not an open-market sale.

How are Gabriel Tirador’s restricted stock units in MCY structured and settled?

Each restricted stock unit is economically equivalent to one share of Mercury General common stock. According to the footnote, these units vest in three equal annual installments beginning February 21, 2026 and are settled in cash upon vesting.

What types of securities are covered in this MCY Form 4 filing?

The filing covers restricted stock units that are derivatives of Mercury General’s common stock, common stock acquired through derivative exercise, and common stock directly and indirectly held, including shares held by an ESOP arrangement.

Does the MCY Form 4 show open-market buying or selling by Gabriel Tirador?

The transactions involve exercising restricted stock units and disposing shares to the issuer, coded as derivative exercise (M) and disposition to issuer (D). The data does not classify any transaction as an open-market purchase or sale.

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Accepted by SEC EDGAR 02/24/2026 - 09:03 PM Learn about SEC filing dates

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^*

TIRADOR GABRIEL

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

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		4,348.64	A	(1)	53,235.64	D
Common Stock	02/21/2026		D		4,348.64	D	$86.44	48,887	D
Common Stock								2,315	I	By ESOP

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			4,348.64	(1)	(1)	Common Stock	4,348.64	$0	8,697.27	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.
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