Schroeder Jeffrey Michael 4
4 · MERCURY GENERAL CORP · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Mercury General (MCY) VP Jeffrey M. Schroeder Receives Award
What Happened Jeffrey Michael Schroeder, Vice President and Chief Product Officer of Mercury General Corp (MCY), was granted 1,388.3 restricted stock units (RSUs) on February 21, 2026. The grant is reported as an award (derivative) with a reported price of $0.00; the RSUs will be settled in cash when they vest rather than delivered as shares.
Key Details
- Transaction date: 2026-02-21 (reported on Form 4 filed 2026-04-06).
- Grant: 1,388.3 restricted stock units (RSUs); reported price $0.00; categorized as an Award (code A).
- Vesting: Three equal annual installments beginning February 21, 2027. RSUs will be settled in cash upon vesting (per footnote).
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: The Form 4 was filed on 2026-04-06 for a 2026-02-21 grant, which is later than the typical 2-business-day filing window for Form 4s.
Context RSU grants like this are common elements of executive compensation and do not represent an open‑market purchase or sale. Because these units are cash‑settled upon vesting, they do not immediately increase outstanding share count; they provide future compensation value to the insider if vesting conditions are met.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1]2026-02-21+1,388.3→ 1,388.3 total→ Common Stock (1,388.3 underlying)
Footnotes (1)
- [F1]Each restricted stock unit is the economic equivalent of one share of the Issuer's Common Stock. The restricted stock units will vest in three equal annual installments beginning on February 21, 2027, and will be settled in cash upon vesting.