Pierce Christopher D 4
4 · Mechanics Bancorp · Filed Jan 5, 2026
Insider Transaction Report
Form 4
Pierce Christopher D
EVP & Chief Operating Officer
Transactions
- Award
Class A Common Stock
2025-09-02+11,262→ 11,262 total - Award
Class A Common Stock
2025-09-26+21,818→ 33,080 total - Tax Payment
Class A Common Stock
2025-12-31$14.63/sh−4,903$71,731→ 28,177 total - Award
Incentive Units - Not Deferred (2024)
2025-09-02+13,742→ 13,742 total→ Class A Common Stock (13,742 underlying)
Footnotes (4)
- [F1]Received in exchange for an aggregate of 3.41 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 incentive units vest in three equal annual installments beginning February 15, 2026.