Ribisi Mark Allan 4

What Happened
Mark A. Ribisi, identified as President and Chief Executive Officer of AIS Management LLC, was granted 1,388.3 restricted stock units (RSUs) of Mercury General Corporation on February 21, 2026. The award is reported as a derivative grant (code A) at $0.00 per unit and will be settled in cash when the RSUs vest. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-21; Form 4 filed: 2026-04-06 (appears to have been filed after the typical 2-business-day window).
• Instrument and code: Restricted Stock Units (RSUs), transaction code A (award/grant).
• Quantity and price: 1,388.3 RSUs granted at $0.00 per unit (no upfront cash paid).
• Vesting/settlement: Vest in three equal annual installments beginning February 21, 2027; RSUs will be settled in cash upon vesting.
• Footnote: Each RSU equals the economic equivalent of one share of common stock but will be cash-settled (per filing).
• Shares owned after transaction: Not specified in the provided filing.

Context
RSU grants are a form of compensation and do not indicate an immediate purchase or sale of stock. Because these RSUs are cash-settled, they will not increase outstanding share count when paid; they represent future cash payments tied to Mercury General’s share value at vesting. The later filing date is worth noting for disclosure/timeliness reasons but does not, by itself, indicate intent or market view.