TIRADOR GABRIEL 4

What Happened

• Gabriel Tirador, President & CEO and a director of Mercury General Corporation (MCY), was awarded 7,439.1 restricted stock units (RSUs) on February 21, 2026. The RSUs are reported as a derivative award (transaction code A) at $0.00 per unit; the Form 4 shows no immediate cash purchase or sale value.
• These RSUs are compensation rather than an open‑market purchase or sale and do not represent immediately transferable shares.

Key Details

• Transaction date: February 21, 2026. Form 4 filed April 6, 2026 (late filing).
• Award: 7,439.1 restricted stock units (reported as derivative securities) at $0.00. Reported total value on the form: $0 (award/grant).
• Vesting/settlement: RSUs vest in three equal annual installments beginning February 21, 2027, and will be settled in cash upon vesting (per footnote).
• Shares owned after transaction: Not specified in the information provided on the filing.
• Timeliness: The Form 4 was filed more than the usual two business days after the transaction (marked late). Late filings correct the public record but can delay disclosure of insider compensation.

Context

• RSUs are a form of compensation that typically convert to cash or shares only after vesting; because these will be settled in cash, they do not immediately increase outstanding share count.
• An award like this is routine executive compensation and should not be interpreted as a direct buy or sell signal. The late filing means the public disclosure occurred several weeks after the grant date.