Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 68

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 68
---
, during the Deferred Compensation Performance Period, then the PSU Deferred Compensation Amount will be deemed to have vested at target.

The payment of any amounts to Mr. Mason under the deferred compensation agreement after the termination of Mr. Mason’s continuous service will be subject to Mr. Mason's execution (and non-revocation) of a standard release of claims in favor of the Company, if so requested by the Compensation Committee, and also to Mr. Mason's continued compliance with any post-employment obligations under any agreement with the Company through the applicable payment date.

<div align='center'>51</div>

#### Pay Versus Performance
This section provides disclosure about the relationship between executive compensation actually paid to the Company’s principal executive officer (PEO) and non-PEO NEOs and certain financial performance measures of the Company for the fiscal years listed below. This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K under the Securities Exchange Act of 1934 (the “Pay Versus Performance Rules”) and does not necessarily reflect how the Compensation Committee evaluates compensation decisions.

|      | Year |   | Summary Compensation Table Total for PEO(1) |     |   | Compensation Actually Paid to PEO(2) |     |   | Average Summary Compensation Table Total for Non-PEO NEOs(3) |     |   | Average  Compensation Actually Paid to Non-PEO NEOs(4) |     | Value of Initial Fixed $100 Investment Based On: | Total Shareholder Return |     |   |     Net Income 
 (in thousands) |
|:-----|:-----|:--|--------------------------------------------:|:----|:--|-------------------------------------:|:----|:--|-------------------------------------------------------------:|:----|:--|-------------------------------------------------------:|:----|:-------------------------------------------------|-------------------------:|:----|:--|---------------:|
| 2024 |      | $ |                                   1,983,469 |     | $ |                            2,069,641 |     | $ |                                                    1,080,710 |     | $ |                                              1,116,024 |     | $                                                |                   110.87 |     | $ |       -144,344 |
| 2023 |      |   |                                   1,864,109 |     |   |                              944,692 |     |   |                                                    1,081,412 |     |   |                                                793,688 |     |                                                  |