Crowe Adrienne Y 4

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).