Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 248

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 248
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 Year Non-AIP

157

#### TABLE OF CONTENTS
Bonus to be paid based on target performance levels within sixty (60) days following the applicable participant’s termination of employment, subject to the execution and non-revocation of a release of claims.

#### Director Compensation
Pursuant to the merger agreement and confidential disclosure schedules to the merger agreement, HomeStreet may pay compensation to its non-employee directors in the ordinary course of business consistent with past practice; provided, that HomeStreet may, unless the closing of the merger occurs during the first month of the applicable quarter, pay non-employee directors in full for the quarter in which the closing date of the merger occurs.

**Indemnification; Directors’ and Officers’ Insurance**

Under the merger agreement, HomeStreet’s directors and executive officers are entitled to indemnification and advancement of expenses by HomeStreet to the fullest extent permitted by applicable law, HomeStreet’s governing or organizational documents and their existing agreements with HomeStreet.

HomeStreet will obtain at or prior to the effective time a six (6) year “tail” policy under its existing directors’ and officers’ insurance policy providing the same coverage and amounts and containing terms and conditions that are no less advantageous to the insured as the directors’ and officers’ liability insurance maintained by HomeStreet, as of the date of the merger agreement, with respect to claims against each present and former director, officer or employee of HomeStreet, arising from facts or events which occurred at or before the effective time (including the approval of the transactions contemplated by the merger agreement); provided that, HomeStreet will not expend, in the aggregate, an amount in excess of 300% of the current annual premium paid as of the date of the merger agreement by HomeStreet for such tail policy. If the tail policy is not available, then, in lieu thereof, for a period of six (6) years after the effective time, HomeStreet will cause to be maintained in effect the current policies of directors’ and officers’ liability insurance maintained by HomeStreet (or may substitute therefor policies with a substantially comparable insurer of at least the same coverage and amounts containing terms and conditions that are no less advantageous to the insured); provided that, HomeStreet will not be obligated to expend, on an annual basis, an amount in excess of 300% of the current annual premium paid as of the date of the merger agreement by HomeStreet for such insurance.

For additional information, see the section entitled “ The Merger Agreement—Director and Officer Indemnification and Insurance