Mercury General (NYSE: MCY) grants 1,729 cash-settled RSUs

Rhea-AI Filing Summary

GRAVES CHRISTOPHER reported acquisition or exercise transactions in this Form 4 filing.

Mercury General Corp reported that company officer Christopher Graves received a grant of 1,729 restricted stock units, each economically equivalent to one share of Mercury General common stock. These units vest in three equal annual installments beginning on February 21, 2027 and will be settled in cash upon vesting, making this a compensation award rather than an open-market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GRAVES CHRISTOPHER

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,729	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,729 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 1,729 units Underlying common stock equivalence: 1,729 shares Vesting schedule: 3 equal annual installments +2 more

5 metrics

RSUs granted 1,729 units Restricted stock unit award to Christopher Graves

Underlying common stock equivalence 1,729 shares Each RSU equals one share of common stock economically

Vesting schedule 3 equal annual installments Beginning February 21, 2027

Settlement method Cash RSUs will be settled in cash upon vesting

Shares after transaction 1,729 units Total restricted stock units following this grant

Key Terms

Restricted Stock Unit, economic equivalent, settled in cash, Common Stock

4 terms

Restricted Stock Unit financial

"Each restricted stock unit is the economic equivalent of one share"

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

"will vest in three equal annual installments ... and will be settled in cash upon vesting"

Common Stock financial

"Each restricted stock unit is the economic equivalent of one share of the Issuer's Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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^*

GRAVES CHRISTOPHER

(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)
			Code	V	Amount	(A) or (D)	Price

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		A		1,729		(1)	(1)	Common Stock	1,729	$0	1,729	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:

VP and Chief Investment Officer

	/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)

FAQ

What insider transaction did Mercury General (MCY) report for Christopher Graves?

Mercury General reported that officer Christopher Graves received a grant of 1,729 restricted stock units. Each unit is economically equivalent to one share of common stock and represents a compensation award rather than an open-market stock purchase or sale.

How many restricted stock units did Christopher Graves receive from Mercury General (MCY)?

Christopher Graves received 1,729 restricted stock units from Mercury General. These units are tied to the company’s common stock on a one-for-one economic basis and will vest over time, providing cash-settled compensation linked to the company’s equity performance.

When do the Mercury General (MCY) restricted stock units granted to Christopher Graves vest?

The restricted stock units granted to Christopher Graves vest in three equal annual installments starting February 21, 2027. This means one-third vests each year over three years, creating a multi-year incentive structure aligned with longer-term company performance.

Are the Mercury General (MCY) restricted stock units granted to Christopher Graves settled in shares or cash?

The restricted stock units granted to Christopher Graves are settled in cash upon vesting. Although each unit is economically equivalent to one share of common stock, the award does not deliver actual shares; instead, it pays a cash amount tied to the share value.

Did Christopher Graves buy or sell Mercury General (MCY) shares in this Form 4 filing?

The filing shows a grant of 1,729 restricted stock units to Christopher Graves, classified as a grant or award acquisition. It does not report any open-market share purchases or sales, only the issuance of a new cash-settled equity-linked compensation award.