Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 56

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 56
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50%            |     | 100%           |     | 150%           |

2022 – 2024 Performance Period Results and Payouts. For the 2022-2024 performance period, PSUs would have been earned based on the same design as the PSUs for the 2024-2026 Performance Period. The following chart shows the threshold, target and maximum metrics for the 2022 – 2024 PSUs and performance for this period.

|                         |     | Threshold      |     | Target         |     | Maximum        |     | Results         |
| TSR Percentile Rank     |     | 25thpercentile |     | 50thpercentile |     | 75thpercentile |     | zero percentile |
| Payout as a % of Target |     | 50%            |     | 100%           |     | 150%           |     | 0%              |

No 2022 PSUs were earned based on the results for the three-year period ended December 31, 2024:

| NEO                 |     | Target    
 Share (#) |       |     | Award (#) |
| Mark K. Mason       |     |           | 7,710 |     | —         |
| John M. Michel      |     |           | 2,647 |     | —         |
| William D. Endresen |     |           | 1,940 |     | —         |

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#### OTHER PRACTICES, POLICIES AND GUIDELINES

#### Recoupment of Incentive Compensation
Our short-term cash incentive plans include a clawback provision in the event of a material restatement of financial results. If the Board reasonably determines that an executive engaged in knowing or intentionally fraudulent or illegal conduct that materially contributed to the need for the restatement, the Board, based on available remedies, will seek recovery or forfeiture from that executive officer of all or a portion of his or her incentive compensation. The clawback amount would be determined by comparing the actual incentive received by the executive officer under the short-term incentive plan during the period prior to the restatement, with the amount that should have been earned had performance been measured on the basis of the restated results. The difference would be recovered from the executive.

In June 2023, the SEC approved the Nasdaq’s proposed rules implementing the incentive-based compensation recovery provisions of the Dodd-Frank Act, which requires listed companies to