Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 127

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 127
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 the right to vote the restricted stock and to receive any dividends paid or made with respect to the restricted stock on such terms as will be set forth in the applicable award agreement; provided, however, that such dividends shall be withheld by us for a participant’s account until the restrictions lapse with respect to such restricted stock. During the restriction period set by the Committee, the recipient may not sell, transfer, pledge, assign, or otherwise encumber the restricted stock.

Restricted Stock Units . The 2025 Equity Incentive Plan authorizes the Committee to grant restricted stock units. Restricted stock units are not shares of HomeStreet common stock and do not entitle the recipients to the rights of a shareholder, although the award agreement may provide for rights with respect to dividends or dividend equivalents. The recipient may not sell, assign, transfer, pledge, hypothecate or otherwise encumber restricted stock units granted under the 2025 Equity Incentive Plan prior to their vesting. Restricted stock units will be settled in cash, shares of HomeStreet common stock, or a combination thereof as provided in the applicable award agreement, in an amount based on the fair market value of HomeStreet common stock on the settlement date. If the right to receive dividends on restricted stock units is awarded, then such dividends shall be withheld by us for a participant’s account until the restrictions lapse with respect to such restricted stock units.

Dividend Equivalent Rights . The Committee may grant a dividend equivalent right either as a component of another award or as a separate award. The terms and conditions of the dividend equivalent right will be specified by the grant and, when granted as a component of another award, may have terms and conditions different from such other award; provided, however, that (i) any dividend equivalent rights with respect to such other award will be withheld by us

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for a participant’s account until such other award is vested, subject to such terms as determined by the Committee; and (ii) such dividend equivalent rights so withheld and attributable to another award will be distributed to such participant in cash or, at the discretion of the Committee, in HomeStreet common stock having a fair market value equal to the amount of such dividend equivalent rights, if applicable, upon vesting of the other award and, if such other award is forfeited, the right to dividend equivalent rights attributable to such forfeited award also will be forfeited. No dividend equivalent rights may be paid or granted with respect to any stock option or SAR.