Mechanics Bancorp EVP granted 6,574 RSUs
Mechanics Bancorp reported that EVP and Chief Credit Officer Scott A. Givans acquired 6,574 shares of Class A common stock through a grant of restricted stock units.
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Rhea-AI Filing Summary
Mechanics Bancorp reported that EVP and Chief Credit Officer Scott A. Givans acquired 6,574 shares of Class A common stock through a grant of restricted stock units. These RSUs vest in three equal annual installments beginning on March 1, 2027, and require no cash payment when they vest.
After this award, Givans directly holds 38,137 shares of Mechanics Bancorp Class A common stock. The filing reflects routine equity-based compensation that increases his alignment with common shareholders over time as the RSUs vest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 6,574 | $0.00 | $0.00 |
Footnotes (1)
- F1. On March 1, 2026, the reporting person was granted 6,574 Restricted Stock Units ("RSUs"), which vest in three equal annual installments beginning March 1, 2027. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock and do not require the holder to pay any consideration on vesting.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mechanics Bancorp (MCHB) report for Scott A. Givans?
How many Mechanics Bancorp RSUs were granted to Scott A. Givans?
What is the vesting schedule for Scott A. Givans’ Mechanics Bancorp RSUs?
Does Scott A. Givans have to pay for his Mechanics Bancorp RSUs when they vest?
Is the Mechanics Bancorp Form 4 for Scott A. Givans a stock purchase or compensation?
AI-generated analysis. How Rhea-AI works. Not financial advice.