GRAVES CHRISTOPHER 4

What Happened
Christopher Graves, Vice President and Chief Investment Officer of Mercury General Corporation (MCY), received an award of 1,729 restricted stock units (RSUs) on February 21, 2026. The RSUs were reported as a derivative award with an acquisition price of $0.00 — this is a compensation grant, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-21; reported on Form 4 filed 2026-04-06 (filing appears late relative to the usual two-business-day Form 4 deadline).
• Security: 1,729 restricted stock units (derivative), acquisition code A (award/grant). Reported price: $0.00.
• 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 provided filing excerpt.
• Role: VP and Chief Investment Officer (per remarks).

Context
RSUs are a form of compensation and do not represent an immediate open‑market purchase or sale. Because these RSUs are cash‑settled, they will produce a cash payment based on Mercury General’s stock value at each vesting date rather than issuance of new shares to the insider. The late filing reduces the timeliness of this disclosure for investors but does not by itself indicate any change in trading intent or company fundamentals.