Mercury General (MCY) VP converts RSUs and disposes common shares

Rhea-AI Filing Summary

Mercury General Corp executive Katelyn Marie Gibbs reported equity compensation activity involving restricted stock units and common shares. She exercised or converted 649.27 restricted stock units into 649.27 shares of common stock at a price of $0.00 per share, then disposed of 649.27 common shares to the issuer at $86.44 per share, leaving no directly held common stock. Following these transactions, she directly holds 1,298.53 restricted stock units. Each restricted stock unit is economically equivalent to one share of common stock, will vest in three equal annual installments beginning on February 21, 2026, and will be settled in cash upon vesting.

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

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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^*

Gibbs Katelyn Marie

(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 Experience 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		649.27	A	(1)	649.27	D
Common Stock	02/21/2026		D		649.27	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			649.27	(1)	(1)	Common Stock	649.27	$0	1,298.53	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).
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FAQ

What insider transactions did Mercury General (MCY) report for Katelyn Marie Gibbs?

Katelyn Marie Gibbs reported exercising or converting 649.27 restricted stock units into 649.27 common shares, then disposing of 649.27 common shares back to Mercury General. After these transactions, she directly holds 1,298.53 restricted stock units tied to the company’s common stock.

How many Mercury General (MCY) shares were involved in Katelyn Gibbs’s Form 4 filing?

The filing shows 649.27 restricted stock units converted into 649.27 common shares and a disposition of 649.27 common shares to the issuer. Following these movements, Katelyn Gibbs holds 1,298.53 restricted stock units that are economically equivalent to common shares.

At what prices were Katelyn Gibbs’s Mercury General (MCY) transactions recorded?

The restricted stock unit conversion into 649.27 common shares was recorded at $0.00 per share, reflecting compensation, not a cash purchase. The subsequent disposition of 649.27 common shares to Mercury General was recorded at $86.44 per share in the insider transaction report.

What role does Katelyn Marie Gibbs hold at Mercury General (MCY)?

Katelyn Marie Gibbs is identified as an officer of Mercury General, serving as VP/Chief Experience Officer. The Form 4 attributes the reported restricted stock unit and common stock transactions directly to her, reflecting changes in her equity-based compensation holdings.

How do Katelyn Gibbs’s Mercury General (MCY) restricted stock units vest and settle?

Each restricted stock unit is economically equivalent to one share of Mercury General common stock. The units vest in three equal annual installments beginning on February 21, 2026, and will be settled in cash upon vesting, rather than delivering actual shares.

Does Katelyn Gibbs still directly own Mercury General (MCY) common stock after this Form 4?

After the reported transactions, Katelyn Gibbs shows zero directly held common shares, with 649.27 shares disposed of to the issuer. However, she continues to directly hold 1,298.53 restricted stock units linked economically to Mercury General common stock.