Mechanics Bancorp (MCHB) director adds RSUs and stock via vesting
Rhea-AI Filing Summary
Mechanics Bancorp director Adrienne Y. Crowe reported compensation-related equity awards and an option-like exercise. On May 28, 2026 she was granted 5,513 Restricted Stock Units (RSUs), which vest on May 28, 2027 and will settle in the same number of Class A common shares when they vest.
On May 27, 2026, 3,301 previously granted RSUs vested and converted into 3,301 shares of Class A common stock, bringing her direct common stock holdings to 13,204 shares. She also holds 2,554 deferred incentive units, each economically equivalent to one share, with payment deferred until retirement, termination, or a change in control. The filing shows only grants and conversions, with no open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,301 shares
Net Buy
4 txns
Insider
Crowe Adrienne Y
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,513 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,301 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,301 | $0.00 | $0.00 |
| holding | Incentive Units - Deferred | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,513 shares (Direct);
Class A Common Stock — 13,204 shares (Direct);
Incentive Units - Deferred — 2,554 shares (Direct)
Footnotes (7)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Mechanics Bancorp (the "Company") Class A common stock. RSUs do not require the holder to pay any consideration on vesting.
- F2. Granted but unvested RSUs were previously reported in Table I. Going forward, granted but unvested RSUs will be reported in Table II and will be reported in Table I when they vest and convert into Class A common stock. Share totals of securities beneficially owned following reported transaction(s) reported in Table I have been adjusted to reflect this change in reporting and do not include unvested RSUs.
- F3. On May 21, 2025, the Reporting Person was granted the equivalent of 3,301 of the Company's RSUs, which vest on May 27, 2026. Upon vesting, the Reporting Person will receive a number of shares of the Company's Class A common stock equal to the number of RSU's that vest on that date.
- F4. On May 28, 2026, the Reporting Person was granted 5,513 RSUs, which vest on May 28, 2027. Upon vesting, the Reporting Person will receive a number of shares of the Company's Class A common stock equal to the number of RSU's that vest on that date.
- F5. Each incentive unit is the economic equivalent of one share of Issuer Class A common stock.
- F6. 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.
- F7. Includes 73 incentive units acquired on March 19, 2026 and 128 incentive units acquired on May 28, 2026.
Key Figures
New RSU grant: 5,513 RSUs
RSUs vested and converted: 3,301 RSUs/shares
Common shares held: 13,204 shares
+3 more
6 metrics
New RSU grant
5,513 RSUs
Granted May 28, 2026; vesting May 28, 2027
RSUs vested and converted
3,301 RSUs/shares
RSUs granted May 21, 2025; vested May 27, 2026
Common shares held
13,204 shares
Class A common stock held directly after transactions
Deferred incentive units
2,554 units
Each unit economically equivalent to one Class A share
Additional incentive units noted
73 and 128 units
Acquired March 19, 2026 and May 28, 2026 within total 2,554 units
Derivative exercise
3,301 shares
Exercise/conversion of RSUs into Class A common stock on May 27, 2026
Key Terms
Restricted Stock Units, Incentive Units - Deferred, change in control, Class A common stock, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Mechanics Bancorp Class A common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Incentive Units - Deferred financial
"Each incentive unit is the economic equivalent of one share of Issuer Class A common stock."
change in control financial
"The Reporting Person has elected to defer payment on such incentive units until ... a change in control of Issuer."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Class A common stock financial
"Upon vesting, the Reporting Person will receive a number of shares of the Company's Class A common stock equal to the number of RSU's that vest on that date."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
deferred payment financial
"The Reporting Person has elected to defer payment on such incentive units until the earlier of ..."
A deferred payment is an arrangement where a buyer or borrower receives goods, services, or funds now but is allowed to pay at a later date or in installments. For investors, it matters because it changes when cash actually leaves or enters a company—affecting short‑term cash flow, reported liabilities, and the timing of revenue or expense recognition—similar to buying something now with an IOU that can influence a business’s financial health and credit risk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Adrienne Y. Crowe receive from Mechanics Bancorp (MCHB)?
Adrienne Y. Crowe received a grant of 5,513 Restricted Stock Units on May 28, 2026. These RSUs are a form of stock-based compensation and will convert into 5,513 shares of Mechanics Bancorp Class A common stock when they vest on May 28, 2027.
When do Adrienne Crowe’s newly granted Mechanics Bancorp RSUs vest?
The 5,513 Restricted Stock Units granted to Adrienne Crowe vest on May 28, 2027. Upon vesting, she will receive one share of Mechanics Bancorp Class A common stock for each RSU, as long as the award’s vesting conditions are satisfied at that time.
Did Adrienne Crowe buy or sell Mechanics Bancorp stock in the market?
The Form 4 shows no open-market purchases or sales by Adrienne Crowe. The reported activity consists of RSU grants and the conversion of previously granted RSUs into Class A common stock, which are compensation and vesting events rather than market trades.
What are the deferred incentive units reported for Adrienne Crowe at Mechanics Bancorp?
Adrienne Crowe holds 2,554 deferred incentive units, each economically equivalent to one share of Class A common stock. Payment on these units is deferred until her retirement or termination, or a change in control of Mechanics Bancorp, according to the filing’s footnotes.
What happened to Adrienne Crowe’s earlier Mechanics Bancorp RSU grant?
On May 21, 2025, Adrienne Crowe was granted 3,301 RSUs vesting on May 27, 2026. On the May 27, 2026 vesting date, those RSUs converted into 3,301 shares of Mechanics Bancorp Class A common stock, increasing her direct share ownership by that amount.