Downer Douglas E bought MCHB
September 2, 2025 · Form 4 insider transaction
Downer Douglas E bought 2,554 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 202 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 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.; Includes 37 dividend equivalent incentive units acquired on December 15, 2025.