Mercury General grants 1,388 RSUs to executive
Accepted by SEC EDGAR
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Form Type
4
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
Grant/Award: 1,388.3 shares
Grant/Award
1 txn
Insider
Zhang Ximeng Simon
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,388.3 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 1,388.3 units (Direct)
Footnotes (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, 2027, and will be settled in cash upon vesting.
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
