Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 172

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 172
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      |               |     | —       |      |     | —   |          |     | —   |               |     | —    |       |     | —           |     | —             |     |           — |     |      — |     |      — |     |       — |
| John DeCero    |      |     | 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