Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 180

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 180
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 weeks. |

| (c) | Any accrued or deferred phantom units are paid in full upon departure from Mechanics. Upon a change in control, all outstanding and unvested phantom units covered by an award will immediately vest. |

| (d) | Represents COBRA premiums for a period of 18 months following Qualifying Termination. |

| Tony Kallingal         |     | Termination for 
 Cause           
 ($)             |     |  Termination due to 
 Death or Disability 
                 ($) |     |   Termination 
 without Cause 
           ($) |     | Change of Control 
               ($) |
| Accrued Amounts        |     | —               |     |                   — |     |             — |     |                 — |
| Cash Payments          |     | —               |     |                   — |     |             — |     |         1,549,900 |
| Cash Severance         |     | —               |     |                   — |     |       169,231 |     |                 — |
| Restricted Stock Units |     | —               |     |             159,032 |     |             — |     |           159,032 |
| Phantom Units          |     | —               |     |             371,584 |     |             — |     |           371,584 |
| Welfare Benefits       |     | —               |     |                   — |     |             — |     |            44,536 |
| Total ($)              |     | —               |     |             530,616 |     |       169,231 |     |         2,125,052 |

| (b) | Mechanics’ practice is to pay two weeks of base salary for each year of service with a maximum of 26 weeks. |

| (c) | Any accrued or deferred phantom units are paid in full upon departure from Mechanics. Upon a change in control, all outstanding and unvested phantom units covered by an award will immediately vest. |

| (d) | Represents COBRA premiums for a period of 18 months following Qualifying Termination. |

Director Compensation The following table sets forth information for the year ended December 31, 2024 regarding the compensation awarded to or earned by certain of Mechanics’ non-employee directors.

| Name                  |     | Fees earned or 
   paid in cash 
            ($) |     | Stock Awards 
      ($) (c) |     |    All Other 
 Compensation 
      (d) ($)