TONEY CHARLES 4

What Happened Toney Charles, Vice President — Actuary at Mercury General Corp (MCY), was granted 79.65 restricted stock units (RSUs) on April 20, 2026. The units were reported as acquired at $0.00 (a compensation award/derivative grant). The RSUs are the economic equivalent of common shares and will be settled in cash when they vest.

Key Details

• Transaction date: 2026-04-20 (filed 2026-04-22) — filing appears timely.
• Grant: 79.65 RSUs, reported acquisition price $0.00 (code A — award/grant).
• Vesting: Three equal annual installments beginning April 20, 2027 (≈26.55 RSUs per year).
• Settlement: Cash settlement upon vesting (per footnote F1).
• Shares owned after transaction: Not disclosed in the Form 4.

Context RSU grants are a form of compensation and retention, not an open‑market purchase or sale. Because these RSUs are cash‑settled, they don't immediately increase the company’s outstanding shares. Such awards are common for executives and don’t by themselves indicate a buy or sell sentiment.