Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 258

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 258
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 |     |            $290,387 |

| (a) | As disclosed above, each HomeStreet RSU will remain outstanding and be subject to the same terms and conditions (including vesting terms and terms with respect to dividend equivalents), as applied immediately prior to the effective time. The amounts shown reflect the market value of the HomeStreet RSUs that would accelerate on a “double-trigger” basis in the event that a named executive officer experiences a qualifying termination within one year following the change in control, based on the per share value of HomeStreet common stock of $11.81, which is the average closing price of HomeStreet’s common over the first five (5) trading days following the first public announcement of the merger. The ultimate value of accelerated vesting for the foregoing HomeStreet RSUs will depend on the HomeStreet common stock price on the date of acceleration. |

| (b) | At the effective time, all HomeStreet PSUs will automatically accelerate on a “single-trigger” basis, be cancelled and entitle the holder to receive (1) a number of shares of the Class A common stock equal to the number of shares of HomeStreet common stock (immediately prior to the effective time) subject to such HomeStreet PSU based on target performance plus (2) an amount in cash equal to the amount of all dividends, if any, accrued but unpaid as of the effective time with respect to such HomeStreet PSU based on target performance. The amounts shown are based on the per share value of HomeStreet common stock of $11.81, which is the average closing price of HomeStreet’s common stock over the first five (5) trading days following the first public announcement of the merger. |

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| (4) | Perquisites/Benefits.Represents, for Mr. Mason, the estimated value of health insurance benefits for up to eighteen (18) months following a qualifying termination. Represents for each of Messrs. Michel and Endresen, a lump sum payment equal to the costs of providing continuing health insurance coverage for eighteen (18) months. These benefits are “double-trigger.” |

Interests of Mechanics Directors and Executive Officers in the Merger Certain of Mechanics directors and executive officers may have interests in the merger that are different from, or in addition to, the interests of Mechanics shareholders generally. The Mechanics board of directors was aware of these interests and considered them, among other matters, in evaluating and negotiating the merger agreement and the merger, in approving the merger agreement and the