Mercury General (NYSE: MCY) grants VP 1,180 cash-settled RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Colby Nicholas Vincent reported acquisition or exercise transactions in this Form 4 filing.
Mercury General Corp VP and Chief Sales Officer Colby Nicholas Vincent received a grant of 1,180.1 restricted stock units, each economically equivalent to one share of common stock. The award is a form of equity-linked compensation rather than an open-market share purchase or sale.
The restricted stock units will vest in three equal annual installments beginning on February 21, 2027 and will be settled in cash upon vesting, rather than delivering actual shares. Following this grant, the filing shows Vincent holding 1,180.1 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Colby Nicholas Vincent
Role
VP/Chief Sales Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,180.1 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,180.1 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,180.1 units
Post-grant RSU holdings: 1,180.1 units
Vesting installments: 3 annual installments
+1 more
4 metrics
RSUs granted
1,180.1 units
Restricted stock units granted to VP/Chief Sales Officer
Post-grant RSU holdings
1,180.1 units
Total restricted stock units following the transaction
Vesting installments
3 annual installments
RSUs vest in three equal annual installments
First vesting date
February 21, 2027
Initial vesting date for the RSU award
Key Terms
Restricted Stock Unit, economic equivalent, vest, settled in cash, +1 more
5 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
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"
vest financial
"The restricted stock units will vest in three equal annual installments"
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"
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Mercury General (MCY) report for Colby Nicholas Vincent?
Mercury General (MCY) reported that VP/Chief Sales Officer Colby Nicholas Vincent received 1,180.1 restricted stock units as compensation. Each unit is economically equivalent to one share of common stock and vests over time, with settlement in cash rather than stock on vesting dates.
How many restricted stock units were granted to the Mercury General (MCY) executive?
The Mercury General (MCY) executive was granted 1,180.1 restricted stock units. Each unit represents the economic value of one share of common stock. This award is recorded as a compensation grant, not an open-market purchase, and increases his equity-linked position accordingly.
What is the vesting schedule for the 1,180.1 RSUs at Mercury General (MCY)?
The 1,180.1 restricted stock units at Mercury General (MCY) vest in three equal annual installments. Vesting begins on February 21, 2027, and continues annually thereafter. This structure ties the executive’s compensation to multi-year company performance and continued service with the firm.