Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 63

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 63
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     |                                                                                                                      | 201,466 |

(1) Amount shown reflects the number of RSUs that had not vested as of December 31, 2024. In each case, the vesting of RSUs is contingent on the NEO’s employment with the Company not having been terminated for any reason other than retirement, death or disability prior to the applicable vesting date. In addition, such awards may vest in connection with a change in control in certain circumstances. For more information, please see “Long-Term Incentives” on page 42of this Proxy Statement, and “Potential Payments upon Termination or Change in Control” on page 49of this Proxy Statement.

(2) Based on the December 31, 2024 closing market price of the Company’s shares of common stock on Nasdaq of $11.42 per share.

(3) Includes PSU awards granted in 2023 and 2024. Vesting of PSUs is based on achievement of a performance goal that was based on TSR. For PSUs granted in 2023, the performance period covers fiscal years 2023 – 2025. For PSUs granted in 2024, the performance period covers fiscal years 2024 – 2026. Excludes PSUs issued in 2022 that were forfeited as the performance metrics were not met. In each case, the vesting of the award is also contingent on the NEO’s employment with the Company not having been terminated for any reason other than retirement, death or disability prior to the date the Compensation Committee certifies the achievement of performance goals for the relevant performance period. Pursuant to SEC rules, the amounts included in the table for PSUs granted in 2024 are based on maximum award amounts given the Company’s current performance trends, which would result in above target payout and the amounts included in the table for PSUs granted in 2023 are based on threshold award amounts given the Company’s current performance trends, which would result in a below threshold payout. In addition, such awards may vest in connection with a change in control in certain circumstances. For more information, please see “Long-Term Incentives” on page 42of this Proxy Statement, and “Potential Payments upon Termination or Change in Control” on page 49of this Proxy Statement.

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### POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL

#### Employment Agreements
We have entered into executive employment agreements with each of the NEO