Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 255

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 255
---
, as required by Item 402(t) of Regulation S-K. |

The amounts below do not include the value of benefits which the named executive officers are already entitled to or vested in as of the assumed date of the merger without regard to the occurrence of a change in control, and do not reflect any possible reductions under the Section 280G “net-better” cutback provisions included in the named executive officers’ CIC Agreements and employment agreements. In addition, these amounts do not include any other incentive award grants, issuances or forfeitures that may be made or occur, or future dividends or dividend equivalents that may be accrued, prior to the completion of the merger, and do not reflect any HomeStreet equity or other incentive awards that are expected to vest in accordance with their terms prior to the closing date of the merger. The amounts shown are estimates of amounts that would be payable to the named executive officers based on multiple assumptions that may or may not actually occur, including assumptions described in this proxy statement/prospectus/consent solicitation. Some of the assumptions are based on information not currently available. As a result of the foregoing assumptions, which may or may not actually occur or be accurate on the relevant date, including the assumptions described in the footnotes to the table, the actual amounts, if any, to be received by a named executive officer may materially differ from the amounts set forth below. For purposes of this discussion, “single-trigger” refers to benefits that arise as a result of the closing of the merger and “double-trigger” refers to benefits that require two conditions, which are the closing of the merger as well as a qualifying termination of employment.

158

TABLE OF CONTENTS

Golden Parachute Compensation

| Name(1)             |     |       Cash 
     ($)(2) |     |   Equity 
   ($)(3) |     | Perquisites / 
      benefits 
        ($)(4) |     |       Total 
         ($) |
| Mark K. Mason       |     | $5,129,690 |     | $995,681 |     |       $45,110 |     | $ 6,170,481 |
| John M. Michel      |     | $2,045,270 |     | $396,316 |     |       $45,110 |     |  $2,486,696 |
| William D. Endresen |     | $2,179,120 |     | $290,387 |     |       $