4//SEC Filing
Duda Nathan 4
Accession 0001602088-26-000002
CIK 0001518715other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 7:48 PM ET
Size
13.2 KB
Accession
0001602088-26-000002
Insider Transaction Report
Form 4
Duda Nathan
EVP & CFO
Transactions
- Award
Class A Common Stock
2025-09-02+14,682→ 14,682 total - Award
Class A Common Stock
2025-09-26+21,818→ 36,500 total - Tax Payment
Class A Common Stock
2025-12-31$14.63/sh−4,903$71,731→ 31,597 total - Award
Incentive Units - Deferred
2025-09-02+104,920→ 106,433 total→ Class A Common Stock (104,920 underlying) - Award
Incentive Units - Not Deferred (2024)
2025-09-02+13,117→ 13,117 total→ Class A Common Stock (13,117 underlying)
Footnotes (6)
- [F1]Received in exchange for 4.45 shares of Mechanics Bank ("MB") original voting common stock and MB restricted stock units in connection with the merger of HomeStreet Bank, a wholly owned subsidiary of Issuer, with and into MB, pursuant to which MB continued as the surviving corporation and as a wholly owned subsidiary of Issuer (the "Merger").
- [F2]As consideration for the Merger, (i) each share of MB voting common stock converted into the right to receive 3,301.0920 shares of Issuer Class A Common Stock, which, on the effective date of the Merger, had a closing price of $13.87 per share, (ii) each MB restricted stock unit of the Reporting Person converted into restricted stock units of Issuer for the right to receive 3,301.0920 shares of Issuer Class A Common Stock, and (iii) each MB incentive unit of the Reporting Person converted into incentive units of Issuer of the economic equivalent of 3,301.0920 shares of Issuer Class A Common Stock.
- [F3]Each incentive unit is the economic equivalent of one share of Issuer Class A Common Stock.
- [F4]The Reporting Person has elected to defer payment on such incentive units until the earlier of (i) the retirement or termination of the Reporting Person, or (ii) a change in control of Issuer.
- [F5]Includes 1,513 incentive units acquired on December 15, 2025 pursuant to dividend reinvestment.
- [F6]The incentive units vest in three equal annual installments beginning February 15, 2026.
Documents
Issuer
Mechanics Bancorp
CIK 0001518715
Entity typeother
Related Parties
1- filerCIK 0001602088
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 7:48 PM ET
- Size
- 13.2 KB