Butler Kelly Lynn 4

What Happened Kelly Lynn Butler, Vice President and Chief Underwriting Officer of Mercury General Corp (MCY), was granted 1,110.7 restricted stock units (RSUs) on February 21, 2026. The award is reported as a derivative grant (transaction code A) with a $0.00 purchase price to the insider; the RSUs will be settled in cash upon vesting rather than converted to shares.

Key Details

• Transaction date: 2026-02-21; reported on Form 4 filed 2026-04-06 (appears to be late relative to the usual 2-business-day filing requirement — ~44 days after the grant).
• Award amount: 1,110.7 restricted stock units (derivative), reported at $0.00 per unit to the insider.
• Vesting/settlement: Vest in three equal annual installments beginning February 21, 2027; will be settled in cash upon vesting (Footnote F1).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Transaction code: A (award/grant of a derivative).

Context Restricted stock units are commonly used as compensation and represent an economic right tied to future value; because these RSUs are cash-settled and vest over time, they do not represent immediate stock ownership or open-market buying. Awards are routine executive compensation and do not necessarily signal near-term insider buying or selling.