Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 124

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 124
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 settlement of stock-settled SARs and shares purchased from the open market using the proceeds of the sale of stock received upon the exercise of stock options will be deemed to have been issued under the 2025 Equity Incentive Plan and will not again be available for grant under the 2025 Equity Incentive Plan. Awards that may be satisfied either by the issuance of HomeStreet common stock or by cash or other consideration shall be counted against the maximum number of shares that may be issued under the 2025 Equity Incentive Plan only during the period that the award is outstanding or to the extent the award is ultimately satisfied by the issuance of shares. An award will not reduce the number of shares that may be issued pursuant to the 2025 Equity Incentive Plan if the settlement of the award will not require the issuance of shares, such as, for example, SARs that can only be satisfied by the payment of cash. Only shares forfeited back to us or shares canceled on account of termination, expiration, or lapse of an award shall again be available for grant as incentive stock options under the 2025 Equity Incentive Plan, provided that such shares shall not increase the maximum number of shares that may be delivered pursuant to awards granted under the 2025 Equity Incentive Plan or that may be delivered pursuant to incentive stock options under the 2025 Equity Incentive Plan.

If the 2025 Equity Incentive Plan is approved by our shareholders, no new awards may be granted under the Prior Plan. For more detail on the treatment of outstanding awards under the Prior Plan as of the Effective Date, see the section entitled “ The Merger Agreement--Treatment of HomeStreet Equity Awards .”

Eligibility . The 2025 Equity Incentive Plan provides for awards to the directors, officers, employees, and contractors of HomeStreet and our subsidiaries and affiliates and prospective directors, officers, employees, and contractors who have accepted offers of employment, service, or consultancy from HomeStreet or our subsidiaries or affiliates. As of the date of this proxy statement/prospectus/consent solicitation statement, there were 7 directors, 11 Section 16 officers, and approximately 750 other employees eligible to participate in the 2025 Equity Incentive Plan. HomeStreet’s current Section 16 executive officers and each member of HomeStreet’s board of directors are among the individuals eligible to receive awards under the 2025 Equity Incentive Plan.

Stock Options . Subject to the terms and provisions of the