Mercury General grants 79.65 RSUs to VP Toney

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

Rhea-AI Filing Summary

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

Mercury General Corp vice president and actuary Charles Toney received a grant of 79.65 restricted stock units tied to the company’s common stock. Each unit is the economic equivalent of one share, but the award is part of compensation rather than an open-market purchase.

The restricted stock units will vest in three equal annual installments beginning on April 20, 2027, and will be settled in cash when they vest. This filing shows a routine, small-scale compensation grant with no share sales or open-market buying or selling activity.

Insider Trade Summary

Grant/Award: 79.65 shares

Grant/Award 1 txn

Insider TONEY CHARLES

Role VP - Actuary

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	79.65	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 79.65 contracts (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 April 20, 2027, and will be settled in cash upon vesting.

Key Figures

RSU grant size: 79.65 units Vesting schedule: 3 equal installments Vesting start date: April 20, 2027 +3 more

6 metrics

RSU grant size 79.65 units Restricted stock units granted to VP and actuary Charles Toney

Vesting schedule 3 equal installments Annual vesting beginning April 20, 2027

Vesting start date April 20, 2027 First installment of RSUs vests on this date

Settlement form Cash RSUs settled in cash upon vesting

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

Post-grant RSU holdings 79.65 units Total restricted stock units following this transaction

Key Terms

Restricted Stock Unit, economic equivalent, vest in three equal annual installments, 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 in three equal annual installments financial

"will vest in three equal annual installments beginning on April 20, 2027"

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 Charles Toney?

Mercury General reported that VP and actuary Charles Toney received 79.65 restricted stock units as a compensation grant. These units are tied economically to common stock but do not reflect an open-market share purchase or sale by the executive.

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

Charles Toney received a grant of 79.65 restricted stock units. Each unit is economically equivalent to one share of Mercury General common stock, representing a relatively small, routine equity-based compensation award for the company’s vice president and actuary.

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

The restricted stock units vest in three equal annual installments beginning April 20, 2027. This means the award delivers value gradually over three years, aligning the executive’s compensation with longer-term company performance rather than immediate ownership.

Will the MCY restricted stock units for Charles Toney be paid 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, the company will deliver cash value instead of issuing actual Mercury General shares when each installment vests.

Does this MCY Form 4 show any insider share sales or purchases?

No share sales or open-market purchases are disclosed in this Form 4. It records only a compensation-related grant of 79.65 restricted stock units to vice president and actuary Charles Toney, without any concurrent transactions in Mercury General common stock.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/22/2026 - 06:00 PM Learn about SEC filing dates

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)
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		79.65		(1)	(1)	Common Stock	79.65	$0	79.65	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)