Crowe Adrienne Y 4
4 · Mechanics Bancorp · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Mechanics Bancorp (MCHB) Director Adrienne Crowe Exercises RSUs, Receives Award
What Happened
- Adrienne Y. Crowe, a director of Mechanics Bancorp (MCHB), had 3,301 restricted stock units (RSUs) vest and convert into Class A common stock on May 27, 2026 (reported as an exercise/conversion of a derivative, code M). The reported price was $0.00, so no cash was paid or received.
- On May 28, 2026 she was granted 5,513 new RSUs (code A) that vest on May 28, 2027; these RSUs also require no consideration on vesting.
Key Details
- Dates and prices:
- 2026-05-27: 3,301 RSUs vested/converted into shares (code M) at $0.00 (value $0).
- 2026-05-28: 5,513 RSUs granted (code A) at $0.00 (value $0).
- Shares owned after the reported transaction: Not explicitly shown in Table I due to a reporting change; unvested RSUs are excluded from the Table I totals per the filing (see footnote F2).
- Notable footnotes:
- F1: Each RSU represents a contingent right to one share of Class A common stock and requires no payment when it vests.
- F3: The 3,301 RSUs were originally granted May 21, 2025 and vested May 27, 2026.
- F4: The 5,513 RSUs were granted May 28, 2026 and vest May 28, 2027.
- F5–F7: The filing also describes “incentive units” (economic equivalents of Class A shares), deferral elections, and small additional incentive-unit amounts (73 and 128 units) reported elsewhere.
- Timeliness: Form 4 filed May 29, 2026 for a report period of May 27, 2026 — appears timely (filed within the Form 4 reporting window).
Context
- These entries reflect RSU vesting/conversion and a subsequent RSU grant — not an open‑market purchase or sale. Vesting of RSUs is a non‑cash event (no purchase price) and the new RSUs represent future contingent compensation (vest on the stated date).
Insider Transaction Report
Form 4
Crowe Adrienne Y
Director
Transactions
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-05-27+3,301→ 13,204 total - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-05-27−3,301→ 0 total→ Class A Common Stock (3,301 underlying) - Award
Restricted Stock Units
[F1][F4]2026-05-28+5,513→ 5,513 total→ Class A Common Stock (5,513 underlying)
Holdings
- 2,792
Incentive Units - Deferred
[F5][F6][F7]→ Class A Common Stock (2,554 underlying)
Footnotes (7)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Mechanics Bancorp (the "Company") Class A common stock. RSUs do not require the holder to pay any consideration on vesting.
- [F2]Granted but unvested RSUs were previously reported in Table I. Going forward, granted but unvested RSUs will be reported in Table II and will be reported in Table I when they vest and convert into Class A common stock. Share totals of securities beneficially owned following reported transaction(s) reported in Table I have been adjusted to reflect this change in reporting and do not include unvested RSUs.
- [F3]On May 21, 2025, the Reporting Person was granted the equivalent of 3,301 of the Company's RSUs, which vest on May 27, 2026. Upon vesting, the Reporting Person will receive a number of shares of the Company's Class A common stock equal to the number of RSU's that vest on that date.
- [F4]On May 28, 2026, the Reporting Person was granted 5,513 RSUs, which vest on May 28, 2027. Upon vesting, the Reporting Person will receive a number of shares of the Company's Class A common stock equal to the number of RSU's that vest on that date.
- [F5]Each incentive unit is the economic equivalent of one share of Issuer Class A common stock.
- [F6]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.
- [F7]Includes 73 incentive units acquired on March 19, 2026 and 128 incentive units acquired on May 28, 2026.
Signature
/s/ Glenn Shrader, Attorney in fact for Adrienne Y. Crowe|2026-05-29