Mechanics Bancorp director granted 5,513 RSUs
Pellegrino Nancy D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Pellegrino Nancy D reported acquisition or exercise transactions in this Form 4 filing.
Mechanics Bancorp director Nancy D. Pellegrino received a grant of 5,513 Restricted Stock Units (RSUs) on May 28, 2026. Each RSU represents a contingent right to receive one share of Class A common stock and requires no payment when it vests on May 28, 2027.
Following the reported transactions, she holds 16,223 shares of Class A common stock directly, including 1,000 shares held jointly with her spouse. The RSU grant is a stock-based compensation award, not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,513 shares
Grant/Award
2 txns
Insider
Pellegrino Nancy D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,513 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,513 contracts (Direct);
Class A Common Stock — 16,223 shares (Direct)
Footnotes (3)
- F1. Includes 1,000 shares held jointly with Mark Pellegrino, Ms. Pellegrino's spouse.
- F2. 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.
- F3. 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.
Key Figures
RSUs granted: 5,513 RSUs
Underlying shares: 5,513 shares
Share holdings after transaction: 16,223 shares
+2 more
5 metrics
RSUs granted
5,513 RSUs
Grant to director on May 28, 2026
Underlying shares
5,513 shares
Class A common stock underlying RSUs
Share holdings after transaction
16,223 shares
Class A common stock held directly after reported transactions
Jointly held shares
1,000 shares
Class A common stock held jointly with spouse
RSU vesting date
May 28, 2027
Vesting date for 5,513 RSUs
Key Terms
Restricted Stock Units, RSU, Class A common stock, contingent right, +1 more
5 terms
Restricted Stock Units financial
"On May 28, 2026, the Reporting Person was granted 5,513 RSUs, which vest on May 28, 2027."
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.
RSU financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Mechanics Bancorp Class A common stock."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Class A common stock financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Mechanics Bancorp Class A common stock."
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.
contingent right financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Mechanics Bancorp Class A common stock."
held jointly financial
"Includes 1,000 shares held jointly with Mark Pellegrino, Ms. Pellegrino's spouse."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Mechanics Bancorp (MCHB) director Nancy Pellegrino report on this Form 4?
Nancy D. Pellegrino reported receiving a grant of 5,513 Restricted Stock Units. These RSUs are a form of stock-based compensation and will convert into Mechanics Bancorp Class A common shares if and when they vest, rather than reflecting an open-market trade.
How many Restricted Stock Units did Nancy Pellegrino receive from Mechanics Bancorp (MCHB)?
She received 5,513 Restricted Stock Units. Each unit represents a contingent right to one share of Mechanics Bancorp Class A common stock, with no cash payment required at vesting, making this a standard equity compensation award for a company director.
When do Nancy Pellegrino’s Mechanics Bancorp (MCHB) RSUs vest?
The 5,513 RSUs granted to Nancy Pellegrino vest on May 28, 2027. On that date, she will receive one share of Mechanics Bancorp Class A common stock for each RSU that vests, assuming all award conditions are satisfied at that time.
What does a Mechanics Bancorp (MCHB) RSU grant mean for a director like Nancy Pellegrino?
An RSU grant gives the director a right to receive shares in the future, subject to vesting. For Pelegrino, 5,513 RSUs will convert into the same number of Mechanics Bancorp Class A shares if they vest, aligning part of her compensation with shareholder value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
