Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 54

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 54
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 |   |
| William D. Endresen |     |        | 527,675 |     |               | 441,782 |     | 83.7 | % |

#### Long-Term Incentives
Our long-term incentive compensation consists of a combination of time-based restricted share units ("RSUs") and performance share units ("PSUs") that are granted under the 2014 Plan.

2024 Target Long-Term Incentive Award Grants.

In 2024, the Company granted long-term incentive awards consisting of 50% PSUs and 50% RSUs, as approved by the Compensation Committee. The value of the equity awards determined by the Compensation Committee was based on a target value as a percentage of base salary. The Compensation Committee determines the target by reviewing Peer Group data and appropriate market data relevant to the banking industry and sets targets at levels intended to create a meaningful opportunity for reward predicated on increasing shareholder value. In addition to considering competitive market data, the Compensation Committee also considers an individual’s performance history, experience, an individual’s potential for future advancement and promotions, the CEO’s recommendations for awards other than his own, and the value of existing vested and unvested outstanding equity awards. The relative weight given to each of these factors varies among individuals at the Compensation Committee’s discretion.

The table below shows the grant date fair value of long-term incentive awards granted in 2024 to each of the NEOs:

|                     |     | RSUs  |         |     |        |        |     | PSUs  |         |     |               |        |     | Total |         |     |        |        |
| NEO                 |     | Value 
 ($)   |         |     | Shares 
 (#)    |        |     | Value 
 ($)   |         |     | Target Shares 
 (#)           |        |     | Value 
 ($)   |         |     | Target 
 Shares 
 (#)    |        |
| Mark K. Mason       |     |       | 481,463 |     |        | 46,744 |     |       | 376,996 |     |               | 33,333 |     |       | 858,459 |     |        | 80,077 |
| John M. Michel      |     |       | 165,336 |     |        | 16,052 |     |       | 181,548 |     |               | 16,052 |     |       | 346,884