Gibbs Katelyn Marie 4

What Happened
Katelyn Marie Gibbs, Vice President and Chief Experience Officer of Mercury General Corporation (MCY), was granted 1,110.7 restricted stock units (RSUs) on February 21, 2026, reported on a Form 4 filed April 6, 2026. The grant is shown at $0.00 per unit (an award/derivative grant), and the RSUs will be settled in cash when they vest.

Key Details

• Transaction date: February 21, 2026. Form 4 filed: April 6, 2026 (more than two business days after the transaction).
• Security: 1,110.7 restricted stock units (RSUs) — reported as a derivative award (code A). Price reported: $0.00.
• Vesting/settlement: Vest in three equal annual installments beginning February 21, 2027; settled in cash upon vesting (footnote F1).
• Shares owned after transaction: not disclosed in this filing.
• No indication in this filing of a 10b5-1 plan, immediate sale, or tax-withholding share-forfeiture; this is a compensation award.

Context
RSUs are a form of compensation that represent the economic equivalent of common shares but, in this case, will be paid in cash when they vest rather than issuing shares immediately. Such awards are typically retention/compensation-related and are not the same as an open-market purchase or sale — they do not directly indicate the insider buying or selling the company's stock. Note the filing date is later than the usual two-business-day window for Form 4s, which delays public disclosure of the grant.