Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 126

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 126
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A of the Code, are in compliance with the applicable requirements of Section 409A of the Code and any applicable regulations or authoritative guidance issued thereunder. If the performance award is to be in shares of our common stock, the award may provide for the issuance of the shares of at the time of the grant of the award or at the time of the certification by the Committee that the performance goals for the performance period have been met; provided, however, that if shares of HomeStreet common stock are issued at the time of the grant and if, at the end of the performance period, the performance goals are not certified by the Committee to have been fully satisfied, the common stock will be forfeited in accordance with the terms of the grant to the extent the Committee determines that the performance goals were not met. If the Committee determines, in its sole discretion, that the established performance measures or objectives are no longer suitable because of a change in our business, operations, corporate structure, or for other reasons that the Committee deems satisfactory, the Committee may modify the performance measures or objectives and/or the performance period.

Performance Goals . The 2025 Equity Incentive Plan provides that performance goals may be established by the Committee in connection with the grant of any award under the 2025 Equity Incentive Plan. Such goals shall be based on the attainment of specified levels of one or more measures determined, which may include, without limitation: stock price; book value; book value per share; tangible book value; tangible book value per share; earnings (including earnings before taxes, earnings before interest and taxes or earnings before interest, taxes, depreciation and amortization); earnings per share (whether on pre-tax, after-tax, operations or other basis); operating earnings; total return to shareholders; return on assets or operating assets; asset quality; net interest margin or shareholder value, in each case with respect to HomeStreet or any one or more of our subsidiaries, divisions, business units, or business segments, either in absolute terms or relative to the performance of one or more other companies (including an index covering multiple companies).

Other Awards . The Committee may grant other forms of awards, based upon, payable in, or that otherwise relate to, in whole or in part, shares of our common stock, if the Committee determines that such other form of award is consistent with the purpose and restrictions of the 2025 Equity Incentive Plan. The terms and conditions of such other form of award shall be specified in the grant. Such other awards may be granted for