Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 127

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 127
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 no cash consideration, for such minimum consideration as may be required by applicable law, or for such other consideration as may be specified in the grant.

Vesting of Awards; Forfeiture; Assignment . Except as otherwise provided below, the Committee, in its sole discretion, may determine that an award will be immediately vested, in whole or in part, or that all or any portion may not be vested until a date, or dates, subsequent to its date of grant, or until the occurrence of one or more specified events, subject in any case to the terms of the 2025 Equity Incentive Plan. Except to the extent an award is for Exempt Shares, award agreements shall not designate a vesting period of less than one year. Upon the occurrence of a change in control, unless otherwise provided in the applicable award agreement, (i) the applicable performance goal(s) for any performance award will be deemed achieved at the greater of (x) the applicable target level and (y) the actual level of achievement taking into account performance through the latest date preceding the change in control as to which performance can be determined, and (ii) after giving effect to clause (i) above, all then-outstanding stock options and SARs will become fully vested and exercisable, and all other awards will vest in full, be free of restrictions, and be deemed to be earned and payable in an amount equal to the full value of such award, except in each case to the extent

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that another award with no diminution in value (a “Replacement Award”) is provided to the participant to replace such award. Unless otherwise determined by the Committee and set forth in the applicable award agreement, upon a participant’s termination of service by HomeStreet without “cause” or by the participant for “good reason” (as each term is defined in the participant’s award agreement), in either case, on or within six months prior to or twelve months following a change in control, all Replacement Awards held by such participant will vest in full, be free of restrictions, and be deemed to be earned in full.

The Committee may impose on any award, at the time of grant or thereafter, such additional terms and conditions as the Committee determines, including terms requiring forfeiture of awards in the event of a participant’s termination of service. The Committee will specify the circumstances under which performance awards may be forfeited in the event of a termination of service by a participant prior to the end of a performance period