Mechanics Bancorp (MCHB) grants 7,626 RSUs to its COO Pierce

Rhea-AI Filing Summary

Pierce Christopher D reported acquisition or exercise transactions in this Form 4 filing.

Mechanics Bancorp reported that EVP & Chief Operating Officer Christopher D. Pierce received an equity grant in the form of restricted stock units. On March 1, 2026, he was awarded 7,626 RSUs, each representing a contingent right to one share of Class A common stock with no purchase price required at vesting.

The RSUs vest in three equal annual installments beginning March 1, 2027, providing a multi‑year incentive tied to continued service and company performance. Following this grant, Pierce’s directly owned Class A common stock holdings reported in the filing total 38,496 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pierce Christopher D

(Last) (First) (Middle)

1111 CIVIC DRIVE

SUITE 390

(Street)

WALNUT CREEK CA 94596

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mechanics Bancorp [ MCHB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/01/2026		A		7,626	A	(1)	38,496	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 1, 2026, the reporting person was granted 7,626 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.

Remarks:

	/s/ Glenn Shrader, Attorney in fact for Christopher D. Pierce	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Mechanics Bancorp (MCHB) report for Christopher D. Pierce?

Mechanics Bancorp reported that EVP & Chief Operating Officer Christopher D. Pierce received a grant of 7,626 restricted stock units. Each RSU converts into one share of Class A common stock if vesting conditions are met, with no cash payment required at vesting.

How many restricted stock units were granted to the Mechanics Bancorp (MCHB) COO?

Christopher D. Pierce was granted 7,626 restricted stock units on March 1, 2026. These RSUs represent potential future shares of Class A common stock, awarded as part of his compensation rather than purchased in the open market for cash.

What is the vesting schedule for the 7,626 RSUs at Mechanics Bancorp (MCHB)?

The 7,626 RSUs granted to Christopher D. Pierce vest in three equal annual installments starting March 1, 2027. This structure spreads vesting over three years, encouraging ongoing service and alignment with the company’s longer-term performance objectives.

Does the Mechanics Bancorp (MCHB) COO have to pay for the RSUs when they vest?

No, the RSUs do not require any cash payment when they vest. Each restricted stock unit represents a contingent right to receive one share of Class A common stock without consideration, making this a non-cash equity compensation award.

How many Mechanics Bancorp (MCHB) shares does Christopher D. Pierce hold after this grant?

After the reported equity award, Christopher D. Pierce directly owns 38,496 shares of Mechanics Bancorp Class A common stock. This figure reflects his direct holdings reported in the filing, separate from the unvested restricted stock units granted on March 1, 2026.

Is the Mechanics Bancorp (MCHB) Form 4 transaction a stock purchase or an equity award?

The Form 4 transaction is an equity award, not an open-market stock purchase. It is coded as a grant or award acquisition, reflecting 7,626 RSUs given as compensation rather than shares bought for cash in the market.