Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 124

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 124
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5 Equity Incentive Plan or any Prior Plan Award relating to HomeStreet common stock that, on or after the Effective Date, are settled in cash may again be awarded pursuant to the provisions of the 2025 Equity Incentive Plan. Shares withheld by or delivered to us to satisfy the exercise price of stock options or tax withholding obligations with respect to any award granted under the 2025 Equity Incentive Plan will nonetheless 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. Additionally, shares unused in the net 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