4//SEC Filing
MICHEL JOHN 4
Accession 0001518715-25-000167
CIK 0001518715other
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 9:50 PM ET
Size
9.7 KB
Accession
0001518715-25-000167
Insider Transaction Report
Form 4
MICHEL JOHN
EVP, Chief Financial Officer
Transactions
- Award
Common Stock
2025-09-02+5,098→ 55,098 total - Award
Common Stock
2025-09-02+16,052→ 71,150 total
Holdings
- 33,936(indirect: J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18)
Common Stock
Footnotes (6)
- [F1]Reflects shares of Issuer Class A common stock received upon vesting of performance stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger, dated as of March 28, 2025, among HomeStreet, Inc., HomeStreet Bank, a subsidiary of HomeStreet, Inc., and Mechanics Bank, at the effective time of the merger on September 2, 2025, each outstanding PSU held by the Reporting Person was accelerated and entitled the Reporting Person to receive shares of Issuer Class A common stock, plus a cash amount for any accrued but unpaid dividends on the PSUs. In the merger, HomeStreet, Inc. was renamed Mechanics Bancorp.
- [F2]Shares of Issuer Class A common stock were issued to the Reporting Person without payment of any consideration in connection with the vesting of a PSU award granted to the Reporting Person on January 1, 2023. The number of shares issued on the vesting of the PSU was determined based on the achievement of certain performance factors set forth in the PSU. The unvested portion of the PSU was cancelled.
- [F3]Excludes 5,527 shares transferred to the J. Michel and R. Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 subsequent to the prior Form 4 filed for this Reporting Person.
- [F4]Shares of Issuer Class A common stock were issued to the Reporting Person without payment of any consideration in connection with the vesting of a PSU award granted to the Reporting Person on January 1, 2024. The number of shares issued on the vesting of the PSU was determined based on the achievement of certain performance factors set forth in the PSU. The unvested portion of the PSU was cancelled.
- [F5]Includes 5,527 shares transferred to the J. Michel and R. Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 subsequent to the prior Form 4 filed for this Reporting Person.
- [F6]Mr. Michel and his spouse, Rosetta Michel, are the co-trustees and beneficiaries of the J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18, and share voting and investment power over the assets of the trust.
Documents
Issuer
Mechanics Bancorp
CIK 0001518715
Entity typeother
Related Parties
1- filerCIK 0001594287
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 9:50 PM ET
- Size
- 9.7 KB