Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 411

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 411
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ger Consideration or other consideration shall be delivered in exchange therefor.

1.4

#### Treatment of Parent Equity Awards
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(a) At the Effective Time, each restricted stock unit award (“ Parent RSU ”) granted under the Amended and Restated Parent 2014 Equity Incentive Plan (the “ Parent Equity Plan ”) that is outstanding immediately prior to the Effective Time shall remain outstanding and be continued subject to the same terms and conditions (including vesting terms and terms with respect to dividend equivalents) as applied immediately prior to the Effective Time.

(b) At the Effective Time, (i) any vesting conditions applicable to each performance stock unit award granted under the Parent Equity Plan that is outstanding immediately prior to the Effective Time (“ Parent PSU ”), whether vested or unvested, shall, automatically and without any required action on the part of the holder thereof, accelerate

<div align='center'>A-11</div>

#### TABLE OF CONTENTS
(with performance deemed achieved at target levels), and (ii) each Parent PSU shall, automatically and without any required action on the part of the holder thereof, be cancelled and shall only entitle the holder of such Parent PSU to receive (without interest), less applicable Tax withholdings, as soon as reasonably practicable after the Effective Time (but in any event no later than ten (10) business days after the Effective Time), (A) a number of shares of Class A Parent Common Stock equal to the number of shares of Parent Common Stock (immediately prior to the Effective Time) subject to such Parent PSU based on target performance, plus (B) an amount in cash equal to the amount of all dividends, if any, accrued but unpaid as of the Effective Time with respect to such Parent PSU based on target performance; provided, that, notwithstanding anything to the contrary herein, with respect to any Parent PSUs that constitute nonqualified deferred compensation subject to Section 409A of the Code and that are not permitted to be paid at the Effective Time without triggering a Tax or penalty under Section 409A of the Code, such payment shall be made at the earliest time permitted under the applicable Parent Equity Plan and award agreement that will not trigger a Tax or penalty under Section 409A of the Code.

(c) At or prior to the Effective Time, the Board of Directors of Parent or the appropriate committee thereof shall adopt any resolutions and take any actions that are necessary or appropriate to effectuate the provisions of this Section 1.4 .

1.