Pang Wei 4

What Happened

• Pang Wei, Vice President and Chief Technology Officer of Mercury General Corp (MCY), was granted 1,943.7 restricted stock units (RSUs) on Feb 21, 2026. The award is reported as a derivative grant (transaction code A) with a $0 per-unit acquisition price (award, not an open‑market purchase).
• The filing does not state a cash value at grant; the RSUs are the economic equivalent of common shares but will be settled in cash upon vesting.

Key Details

• Transaction date: 2026-02-21 (Form 4 filed 2026-04-06 — late filing).
• Grant: 1,943.7 restricted stock units, $0 acquisition price (award).
• Vesting: Three equal annual installments beginning Feb 21, 2027; RSUs will be settled in cash upon vesting (see footnote).
• Shares owned after transaction: Not specified in this Form 4.
• Transaction code: A (award/grant); filing timeliness flagged as late (L).

Context

• These RSUs are a compensation award, not a market buy or sell — they don’t directly signal immediate insider buying or selling.
• Because the award is cash-settled and vests over time, value realized will depend on future settlement terms and Mercury General’s stock price at vesting (per the filing, settlement will be in cash).