Mercury General Corp (NYSE: MCY) VP reports RSU exercise and share disposition

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Mercury General Corp VP/Chief Product Officer Jeffrey Michael Schroeder reported RSU-related transactions. On February 21, 2026, he exercised 811.5800 restricted stock units into an equivalent number of common shares at $0.0000 per share, then disposed of 811.5800 common shares to the issuer at $86.4400 per share. After these transactions, he held 873.0000 common shares directly and 30.0000 shares indirectly through an ESOP. The restricted stock units are each the economic equivalent of one common share and will vest in three equal annual installments beginning on February 21, 2026, and will be settled in cash upon vesting.

Insider Trade Summary

811.58 shares exercised/converted

Mixed 4 txns

Insider Schroeder Jeffrey Michael

Role VP/Chief Product Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	811.58	$0.00	--
Exercise	Common Stock	811.58	$0.00	--
Disposition	Common Stock	811.58	$86.44	$70K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 1,623.17 shares (Direct); Common Stock — 1,684.58 shares (Direct); Common Stock — 30 shares (Indirect, By ESOP)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

02/24/2026 - 09:04 PM

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
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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^*

Schroeder Jeffrey Michael

(Last)

(First)

(Middle)

C/O MERCURY GENERAL CORP.

4484 WILSHIRE BOULEVARD

(Street)

LOS ANGELES

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 Product 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/21/2026		M		811.58	A	⁽¹⁾	1,684.58	D
Common Stock	02/21/2026		D		811.58	D	$86.44	873	D
Common Stock								30	I	By ESOP

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	02/21/2026		M			811.58	⁽¹⁾	⁽¹⁾	Common Stock	811.58	$0	1,623.17	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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did MCY executive Jeffrey Schroeder report?

Jeffrey Michael Schroeder reported exercising 811.5800 restricted stock units into common stock at $0.0000 per share and then disposing of 811.5800 common shares to the issuer at $86.4400 per share, all dated February 21, 2026.

How many MCY shares does Jeffrey Schroeder own after these Form 4 transactions?

After the reported transactions, Jeffrey Michael Schroeder directly held 873.0000 shares of Mercury General Corp common stock and indirectly held 30.0000 shares through an ESOP, according to the Form 4 ownership totals following the transactions.

What are the terms of Jeffrey Schroeder’s MCY restricted stock units?

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

Did Jeffrey Schroeder buy or sell MCY shares in the open market?

The Form 4 shows an exercise of derivative securities and a disposition of 811.5800 common shares to the issuer at $86.4400 per share, coded as a disposition to issuer, not an open-market purchase or sale transaction.

How is Jeffrey Schroeder’s indirect ownership in MCY structured?

In addition to his direct holdings, Jeffrey Michael Schroeder reported indirect ownership of 30.0000 Mercury General Corp common shares held "By ESOP," indicating these shares are held through an employee stock ownership plan structure.