Pierce Christopher D bought MCHB
September 2, 2025 · Form 4 insider transaction
Pierce Christopher D bought 13,742 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 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.; Each incentive unit is the economic equivalent of one share of Issuer Class A Common Stock.; The incentive units vest in three equal annual installments beginning February 15, 2026.