Form 4 for MCHB Mechanics Bancorp
Accepted 2025-09-04 00:00:00 ET · period of report 2025-09-02 · accession 0001518715-25-000158 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-09-04 | 2025-09-02 | MCHB | LEMON PAULETTE | EVP - Retail Banking Dir | A - Grant | $0.00 | +8,343 | 21.0K | +66% | $0 |
| M | 2025-09-04 | 2025-09-02 | MCHB | LEMON PAULETTE | EVP - Retail Banking Dir | F - Tax | $13.87 | -2,257 | 25.2K | -8% | -$31.3K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-09-02 | A | A | 6,389 | $0.00 | 26,888.20 | D | — | — | (F1) Reflects shares of Issuer Class A common stock received upon vesting of performance stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger, dated as of March 28, 2025, among HomeStreet, Inc., HomeStreet Bank, a subsidiary of HomeStreet, Inc., and Mechanics Bank, at the effective time of the merger on September 2, 2025, each outstanding PSU held by the Reporting Person was accelerated and entitled the Reporting Person to receive shares of Issuer Class A common stock, plus a cash amount for any accrued but unpaid dividends on the PSUs. In the merger, HomeStreet, Inc. was renamed Mechanics Bancorp. (F4) Shares of Issuer Class A common stock were issued to the Reporting Person without payment of any consideration in connection with the vesting of a PSU award granted to the Reporting Person on January 1, 2024. The number of shares issued on the vesting of the PSU was determined based on the achievement of certain performance factors set forth in the PSU. The unvested portion of the PSU was cancelled. |
| 2 | Common | Common Stock | 2025-09-02 | F | D | 529 | $13.87 | 20,499.20 | D | — | — | (F3) Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of PSUs. |
| 3 | Common | Common Stock | 2025-09-02 | A | A | 1,954 | $0.00 | 21,028.20 | D | — | — | (F1) Reflects shares of Issuer Class A common stock received upon vesting of performance stock units ("PSUs"). Pursuant to the Agreement and Plan of Merger, dated as of March 28, 2025, among HomeStreet, Inc., HomeStreet Bank, a subsidiary of HomeStreet, Inc., and Mechanics Bank, at the effective time of the merger on September 2, 2025, each outstanding PSU held by the Reporting Person was accelerated and entitled the Reporting Person to receive shares of Issuer Class A common stock, plus a cash amount for any accrued but unpaid dividends on the PSUs. In the merger, HomeStreet, Inc. was renamed Mechanics Bancorp. (F2) Shares of Issuer Class A common stock were issued to the Reporting Person without payment of any consideration in connection with the vesting of a PSU award granted to the Reporting Person on January 1, 2023. The number of shares issued on the vesting of the PSU was determined based on the achievement of certain performance factors set forth in the PSU. The unvested portion of the PSU was cancelled. |
| 4 | Common | Common Stock | 2025-09-02 | F | D | 1,728 | $13.87 | 25,160.20 | D | — | — | (F3) Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of PSUs. |