Mercury General (NYSE: MCY) grants 1,580 RSUs to Chief Claims Officer

Rhea-AI Filing Summary

Nardella Barnaby Joel reported acquisition or exercise transactions in this Form 4 filing.

Mercury General Corp Chief Claims Officer receives new equity-based award. On April 20, 2026, Barnaby Joel Nardella was granted 1,580.610 restricted stock units, each economically equivalent to one share of Mercury General’s common stock. These units will vest in three equal annual installments beginning on April 20, 2027 and will be settled in cash when they vest. Following this grant, Nardella holds 1,580.610 restricted stock units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nardella Barnaby Joel

Role Chief Claims Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1,580.61	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 1,580.61 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 1,580.610 units RSUs after grant: 1,580.610 units Vesting schedule: 3 equal annual installments +1 more

4 metrics

RSUs granted 1,580.610 units Grant to Chief Claims Officer on April 20, 2026

RSUs after grant 1,580.610 units Total restricted stock units held following transaction

Vesting schedule 3 equal annual installments Beginning on April 20, 2027

Settlement type Cash-settled RSUs settled in cash upon vesting

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 April 20, 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 →

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^*

Nardella Barnaby Joel

(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)
	Chief Claims Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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)	04/20/2026		A		1,580.61		(1)	(1)	Common Stock	1,580.61	$0	1,580.61	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 April 20, 2027, and will be settled in cash upon vesting.

	/s/ Judy Walters, Attorney-in-Fact	04/22/2026
	** 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 Barnaby Joel Nardella?

Mercury General reported that Chief Claims Officer Barnaby Joel Nardella received 1,580.610 restricted stock units on April 20, 2026. These RSUs are compensation, not an open-market stock purchase or sale, and are tied to the company’s common stock value.

How many restricted stock units did the MCY Chief Claims Officer receive?

Barnaby Joel Nardella received 1,580.610 restricted stock units. Each unit is economically equivalent to one share of Mercury General’s common stock, giving him a cash-settled incentive linked to the company’s share price performance over time.

What is the vesting schedule for the Mercury General (MCY) RSU grant?

The 1,580.610 restricted stock units will vest in three equal annual installments beginning on April 20, 2027. This means one-third of the units becomes payable in cash each year as they vest, subject to the grant’s terms and continued service.

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

The restricted stock units granted to Barnaby Joel Nardella are settled in cash upon vesting. Although each RSU is economically equivalent to one share of common stock, the award is paid in cash rather than delivering actual MCY shares at vesting.

Did the MCY Chief Claims Officer buy or sell shares in this Form 4 filing?

No open-market buys or sells were reported. The Form 4 shows a grant of 1,580.610 restricted stock units as compensation, coded as an acquisition (A), with no corresponding market purchase or sale of Mercury General common stock disclosed.