Shields Kristie S bought MCHB
September 2, 2025 · Form 4 insider transaction
Shields Kristie S bought 3,398 shares of Mechanics Bancorp at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 125 days after the transaction.
Footnotes
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.; Each incentive unit is the economic equivalent of one share of Issuer Class A Common Stock.; The incentive units vest on February 15, 2026.