Pelayo Fernando 4
4 · Mechanics Bancorp · Filed Jan 5, 2026
Insider Transaction Report
Form 4
Pelayo Fernando
EVP & Chief Accounting Officer
Transactions
- Award
Class A Common Stock
2025-09-26+12,727→ 12,727 total - Tax Payment
Class A Common Stock
2025-12-31$14.63/sh−1,139$16,664→ 11,588 total - Award
Incentive Units - Deferred
2025-09-02+64,982→ 65,919 total→ Class A Common Stock (64,982 underlying) - Award
Incentive Units - Not Deferred (2024)
2025-09-02+7,518→ 7,518 total→ Class A Common Stock (7,518 underlying)
Footnotes (5)
- [F1]As consideration in the merger of HomeStreet Bank, a wholly owned subsidiary of Issuer, with and into Mechanics Bank ("MB"), pursuant to the which MB continued as the surviving corporation and as a wholly owned subsidiary of Issuer (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.
- [F2]Each incentive unit is the economic equivalent of one share of Issuer Class A Common Stock.
- [F3]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.
- [F4]Includes 937 incentive units acquired on December 15, 2025 pursuant to dividend reinvestment.
- [F5]The incentive units vest in three equal annual installments beginning February 15, 2026.