Officer at Mercury General (MCY) converts RSUs and returns shares to issuer

Rhea-AI Filing Summary

Mercury General Corp VP and Chief Claims Officer Randall R. Petro reported derivative and stock transactions linked to restricted stock units (RSUs). On February 21, 2026, he exercised RSUs covering 689.85 units, each economically equivalent to one share of common stock, at a stated price of $0.0000 per unit, increasing his RSU holdings to 1,379.69 units.

The same day, 689.85 shares of common stock were acquired through the RSU conversion and then disposed of back to the issuer at $86.4400 per share, resulting in zero common shares directly owned after the disposition. The RSUs will vest in three equal annual installments beginning on February 21, 2026 and will be settled in cash upon vesting rather than delivering additional shares.

Insider Trade Summary

689.85 shares exercised/converted

Mixed 3 txns

Insider Petro Randall R

Role VP/Chief Claims Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	689.85	$0.00	--
Exercise	Common Stock	689.85	$0.00	--
Disposition	Common Stock	689.85	$86.44	$60K

Holdings After Transaction: Restricted Stock Unit — 1,379.69 shares (Direct); Common Stock — 689.85 shares (Direct)

Footnotes (1)

1. [object Object]

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^*

Petro Randall R

(Last) (First) (Middle)

C/O MERCURY GENERAL CORP.

4484 WILSHIRE BOULEVARD

(Street)

LOS ANGELES CA 90010

(City) (State) (Zip)

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/Chief Claims Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common Stock	02/21/2026		M		689.85	A	(1)	689.85	D
Common Stock	02/21/2026		D		689.85	D	$86.44	0	D

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		M			689.85	(1)	(1)	Common Stock	689.85	$0	1,379.69	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, 2026, and will be settled in cash upon vesting.

	/s/ Judy Walters, Attorney-in-Fact	02/24/2026
	** 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.

FAQ

What insider transactions did Mercury General (MCY) report for Randall R. Petro?

Mercury General reported that Randall R. Petro exercised restricted stock units into 689.85 common shares, then disposed of the same 689.85 shares back to the issuer at $86.4400 per share, leaving him with no directly owned common stock after the transactions.

How many restricted stock units does Randall R. Petro hold at Mercury General (MCY) after this Form 4?

After the reported transactions, Randall R. Petro holds 1,379.69 restricted stock units. Each unit is economically equivalent to one share of Mercury General’s common stock and represents a cash-settled award that will be paid out as the units vest over time.

How and when will Randall R. Petro’s Mercury General (MCY) restricted stock units vest and settle?

The restricted stock units will vest in three equal annual installments beginning on February 21, 2026. Upon each vesting date, the RSUs will be settled in cash rather than additional Mercury General common shares, reflecting the economic value of one share per unit.

Did Randall R. Petro buy or sell Mercury General (MCY) shares on the open market?

The filing shows no open-market buy or sell. Shares were acquired through an RSU conversion and then disposed of to the issuer, coded as a disposition to issuer, rather than ordinary market trading, at a reported price of $86.4400 per share.

What is the role of Randall R. Petro at Mercury General (MCY) in this Form 4 filing?

Randall R. Petro is identified as an officer of Mercury General, serving as VP/Chief Claims Officer. The Form 4 details his equity-based compensation activity involving restricted stock units and related common stock dispositions back to the company.