Mercury General (MCY) president reports RSU exercise and share disposal

Rhea-AI Filing Summary

Mercury General Corp president and COO Joseph Victor George reported several equity transactions. He exercised restricted stock units representing 1,318.66 shares at $0.00 per unit, increasing his directly held common stock by the same 1,318.66 shares. He then disposed of 1,318.66 common shares back to the issuer at $86.44 per share, leaving 15,025.00 common shares held directly. Following these transactions, he also holds 2,637.32 restricted stock units and indirectly holds 8.7410 common shares through an ESOP. Each restricted stock unit is the economic equivalent of one common share and will vest in three equal annual installments beginning on February 21, 2026, with settlement in cash upon vesting.

Insider Trade Summary

1,318.66 shares exercised/converted

Mixed 4 txns

Insider Joseph Victor George

Role President & COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,318.66	$0.00	--
Exercise	Common Stock	1,318.66	$0.00	--
Disposition	Common Stock	1,318.66	$86.44	$114K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 2,637.32 shares (Direct); Common Stock — 16,343.66 shares (Direct); Common Stock — 8.741 shares (Indirect, By ESOP)

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^*

Joseph Victor George

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & COO

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		1,318.66	A	(1)	16,343.66	D
Common Stock	02/21/2026		D		1,318.66	D	$86.44	15,025	D
Common Stock								8.741	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/21/2026		M			1,318.66	(1)	(1)	Common Stock	1,318.66	$0	2,637.32	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 did Mercury General (MCY) executive Joseph Victor George do in this Form 4?

Joseph Victor George exercised restricted stock units into 1,318.66 common shares and then disposed of 1,318.66 shares back to the issuer. These moves adjusted his mix of directly held stock, restricted stock units, and indirect ESOP holdings.

How many Mercury General (MCY) shares does Joseph Victor George now hold directly?

After the reported transactions, Joseph Victor George directly holds 15,025.00 shares of Mercury General common stock. This figure reflects the exercise of restricted stock units and the subsequent disposition of 1,318.66 shares to the issuer on the same date.

What price is shown for Joseph Victor George’s share disposition in MCY?

The disposition of 1,318.66 Mercury General common shares to the issuer is reported at $86.44 per share. This transaction is coded as a disposition to the issuer, distinguishing it from an open-market sale or purchase activity.

How many restricted stock units does Joseph Victor George hold at Mercury General?

Following the derivative transaction, Joseph Victor George holds 2,637.32 restricted stock units. Each unit is the economic equivalent of one common share and is scheduled to vest in three equal annual installments beginning on February 21, 2026.

How do the restricted stock units for MCY’s Joseph Victor George vest and settle?

Each restricted stock unit vests in three equal annual installments starting on February 21, 2026, and will be settled in cash upon vesting. The units are economically equivalent to one share of Mercury General common stock for each restricted stock unit held.

Does Joseph Victor George have any indirect holdings of Mercury General (MCY) stock?

Yes. In addition to his direct holdings, Joseph Victor George indirectly holds 8.7410 shares of Mercury General common stock through an ESOP. This indirect position is reported separately from his directly owned shares and restricted stock units.