Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 257

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 257
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 agreement, each of Messrs. Mason and Michel will be entitled to receive a prorated Closing Year Bonus (for Mr. Mason, without duplication of his pro rata incentive compensation payment), and Mr. Endresen will be entitled to receive a Closing Year Non-AIP Bonus, as described in the section above entitled “— Annual Incentive Plan.” In addition, as described in the section above entitled “—Treatment of HomeStreet Equity Awards and Cash-Based Awards,” the amounts shown include, for Mr. Mason, the value of the CEO Cash Award ($119,093), which will automatically accelerate at the effective time on a “single-trigger” basis, and for each of Messrs. Mason, Michel and Endresen, the value of HomeStreet Cash LTI, which will accelerate on a “double-trigger” basis calculated as shown in the following table: |

| Name                |     | Cash Severance 
        Payment 
            ($) |     | Closing Year 
        Bonus 
          ($) |     | HomeStreet 
   Cash LTI 
        ($) |
| Mark K. Mason       |     |     $3,853,280 |     |     $421,320 |     |   $855,090 |
| John M. Michel      |     |     $1,613,240 |     |     $138,390 |     |   $293,640 |
| William D. Endresen |     |     $1,763,340 |     |     $200,630 |     |   $215,150 |

| (3) | Equity.As described in the section above entitled “—Treatment of HomeStreet Equity Awards and Cash-Based Awards,” the amount shown represents the potential value that each named executive officer could receive in connection with the accelerated vesting of HomeStreet RSUs and HomeStreet PSUs, calculated as follows: |

| Name                |     | HomeStreet 
       RSUs 
     ($)(a) |     | HomeStreet 
       PSUs 
     ($)(b) |     | Value of All Equity 
              Awards 
                 ($) |
| Mark K. Mason       |     |   $426,567 |     |   $569,114 |     |            $995,681 |
| John M. Michel      |     |   $146,492 |     |   $249,824 |     |            $396,316 |
| William D. Endresen |     |   $107,336 |     |   $183,051