Mercury General grants 415 RSUs to VP actuary

Accepted by SEC EDGAR 04/06/2026 - 04:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

TONEY CHARLES reported acquisition or exercise transactions in this Form 4 filing.

Mercury General Corp reported that VP - Actuary Charles Toney received a grant of 414.8 restricted stock units. Each unit is the economic equivalent of one share of common stock but will be settled in cash rather than stock.

The restricted stock units will vest in three equal annual installments beginning on February 21, 2027. Following this award, Toney’s reported balance for this derivative-type holding is 414.8 units, reflecting a routine, compensation-related equity-linked grant.

Insider Trade Summary

Grant/Award: 414.8 shares

Grant/Award 1 txn

Insider TONEY CHARLES

Role VP - Actuary

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	414.8	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 414.8 units (Direct)

Footnotes (1)

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: 414.8 units Post-transaction RSU holdings: 414.8 units Vesting schedule: 3 equal annual installments +2 more

5 metrics

RSUs granted 414.8 units Restricted stock unit grant to VP - Actuary on February 21, 2026

Post-transaction RSU holdings 414.8 units Total restricted stock units reported following grant

Vesting schedule 3 equal annual installments Beginning on February 21, 2027

Settlement method Cash-settled Units settled in cash upon vesting

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

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"

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

"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 did Mercury General (MCY) report in this Form 4 for Charles Toney?

Mercury General reported that VP - Actuary Charles Toney received a grant of 414.8 restricted stock units. These units are tied to the company’s common stock but will be settled in cash when they vest, reflecting routine compensation.

How many restricted stock units did MCY grant to VP - Actuary Charles Toney?

Charles Toney received 414.8 restricted stock units. Each unit is economically equivalent to one share of Mercury General common stock, giving him cash-settled exposure to the stock’s value as part of his compensation package over time.

When do Charles Toney’s Mercury General restricted stock units vest?

The restricted stock units vest in three equal annual installments beginning on February 21, 2027. This means the award pays out gradually over three years, aligning Toney’s compensation with longer-term company performance and retention goals.

Are the MCY restricted stock units granted to Charles Toney paid in stock or cash?

The restricted stock units granted to Charles Toney will be settled in cash upon vesting. Although each unit is the economic equivalent of one share of Mercury General common stock, he will receive cash rather than actual shares when they vest.

What is Charles Toney’s reported holding after this Mercury General Form 4 transaction?

After this transaction, Charles Toney is reported as holding 414.8 restricted stock units. These units are derivative-type awards linked to Mercury General’s common stock value, granted as compensation and scheduled to vest over three years starting in 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

TONEY CHARLES

(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)
	VP - Actuary

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		414.8		(1)	(1)	Common Stock	414.8	$0	414.8	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.

	/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)