Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 169

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 169
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 | 775,000 |          |     | 100%   |               |     | 90%     |      |     | —   |          |     | 10% |               |     | 70%  |       |     | —           |     | 0%            |     |     488,250 |     |      — |     |      — |     | 488,250 |
| Chris Pierce   |      |     | 500,000 |          |     | 50%    |               |     | 80%     |      |     | —   |          |     | 20% |               |     | 70%  |       |     | —           |     | 100%          |     |     140,000 |     |      — |     | 50,000 |     | 190,000 |
| Tony Kallingal |      |     | 500,000 |          |     | 50%    |               |     | 40%     |      |     | 40% |          |     | 20% |               |     | 70%  |       |     | 70%         |     | 100%          |     |      70,000 |     | 70,000 |     | 50,000 |     | 190,000 |

| (b) | Based upon 2023 performance but paid in March 2024. |

Equity-Based Incentive Plans and Awards The Mechanics 2017 Incentive Unit Plan (the “Mechanics 2017 Plan”) provides for the issuance of units representing a contingent right to receive an amount in cash equal to the fair market value of one common share of Mechanics (“incentive units” or “phantom units”) to eligible employees and non-employee directors of Mechanics. Awards also

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may also be settled in common shares in lieu of cash if, at the time of settlement, the common shares are registered pursuant to Section 12 of the Exchange Act and listed on a Securities Exchange. The Mechanics 2017 Plan also allows for the grant of annual long-term incentive awards consisting of a target number of incentive units that are settled based on the level of achievement of pre-established company and/or individual performance goals approved by the compensation committee and measured over a single calendar year performance period. Participants may defer part or all of an award in compliance with the requirements of Section