Colby Nicholas Vincent 4

What Happened
Colby Nicholas Vincent, Vice President and Chief Sales Officer of Mercury General Corp (MCY), received a grant of 1,180.1 restricted stock units (RSUs) on February 21, 2026. The filing reports the acquisition as a derivative award (transaction code A) with a reported price of $0.00. The RSUs will vest in three equal annual installments beginning February 21, 2027 and will be settled in cash upon vesting, so this is a compensation award rather than an outright stock purchase or sale.

Key Details

• Transaction date: 2026-02-21; Form 4 filed: 2026-04-06 (filed late vs. the typical two-business-day window).
• Security and amount: 1,180.1 restricted stock units; reported acquisition price $0.00 (award/grant).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: Each RSU equals the economic equivalent of one share; RSUs vest in three equal annual installments starting 2/21/2027 and are cash-settled on vesting (Footnote F1).
• Transaction code: A = Award/Grant.

Context
RSUs are a form of compensation that convert to cash (here) or shares when they vest; they are not immediate purchases or sales and don't directly change outstanding share count until settlement. Because the award is cash-settled, Vincent will receive cash equivalent value upon each vesting date rather than shares. The late filing reduces the timeliness of this disclosure for investors but does not by itself indicate the nature of the transaction.