Mercury General (MCY) awards 1,388 restricted stock units to executive

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Zhang Ximeng Simon reported acquisition or exercise transactions in this Form 4 filing.

Mercury General Corp reported a routine compensation grant to executive Ximeng Simon Zhang. On February 21, 2026, Zhang received 1,388.3 restricted stock units, each equal in value to one share of common stock. These units vest in three equal annual installments starting February 21, 2027 and will be settled in cash upon vesting. Following this grant, Zhang holds 1,388.3 restricted stock units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zhang Ximeng Simon

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,388.3	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,388.3 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 1,388.3 units Post-grant RSU holdings: 1,388.3 units Vesting schedule: 3 equal annual installments +2 more

5 metrics

RSUs granted 1,388.3 units Restricted stock unit grant on February 21, 2026

Post-grant RSU holdings 1,388.3 units Total restricted stock units held after the transaction

Vesting schedule 3 equal annual installments Beginning February 21, 2027

Economic equivalence 1 unit = 1 share Each RSU equals one share of common stock in value

Settlement method Cash upon vesting RSUs are cash-settled rather than share-settled

Key Terms

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

4 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."

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 04:30 PM

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^*

Zhang Ximeng Simon

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	02/21/2026		A		1,388.3		⁽¹⁾	⁽¹⁾	Common Stock	1,388.3	$0	1,388.3	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 Data & Analytics 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Mercury General (MCY) report for Ximeng Simon Zhang?

Mercury General reported that executive Ximeng Simon Zhang received a grant of 1,388.3 restricted stock units on February 21, 2026. This is a routine equity-based compensation award rather than an open-market stock purchase or sale.

How many restricted stock units did MCY grant to Ximeng Simon Zhang?

Ximeng Simon Zhang was granted 1,388.3 restricted stock units. Each unit is economically equivalent to one share of Mercury General’s common stock, providing cash-settled value linked to the share price over time.

When do the Mercury General (MCY) restricted stock units for Zhang vest?

The restricted stock units vest in three equal annual installments beginning on February 21, 2027. This means the award gradually becomes payable over three years, encouraging longer-term alignment with the company’s performance.

Are the MCY restricted stock units for Zhang settled in stock or cash?

The restricted stock units will be settled in cash upon vesting. Although each unit is economically equivalent to one share of common stock, Mercury General will pay cash rather than issuing additional shares when the units vest.

Does this MCY Form 4 show an open-market buy or sell by Zhang?

No, the Form 4 reports a compensation-related grant coded as an acquisition (A), not an open-market trade. Zhang did not buy or sell shares on the market; instead, he received 1,388.3 cash-settled restricted stock units.