Mechanics Bancorp filings document the regulatory record of a bank holding company whose primary operating subsidiary is Mechanics Bank. The disclosures cover operating and financial results, material-event reports, capital-structure matters, and corporate actions involving banking business lines, including the completed sale of the Fannie Mae Delegated Underwriting and Servicing business line.
Its SEC filings also include proxy materials addressing board governance, executive compensation and shareholder voting matters. Form 8-K disclosures record cash dividends on Class A and Class B common stock, amendments to bylaws, book-entry share provisions, and other events affecting the company’s governance and securities structure.
Mechanics Bancorp executive Glenn C. Shrader, EVP & General Counsel, reported an equity award. On March 1, 2026, he was granted 3,366 restricted stock units that vest in three equal annual installments beginning March 1, 2027. Each unit converts into one share of Class A common stock with no purchase price, bringing his directly held stake to 18,193 shares.
Mechanics Bancorp executive Glenn C. Shrader, EVP & General Counsel, reported an equity award. On March 1, 2026, he was granted 3,366 restricted stock units that vest in three equal annual installments beginning March 1, 2027. Each unit converts into one share of Class A common stock with no purchase price, bringing his directly held stake to 18,193 shares.
Mechanics Bancorp is updating its corporate rules and returning cash to shareholders. The board amended the company’s bylaws to state that shares will generally be uncertificated and maintained in electronic book-entry form unless the board decides otherwise.
The board also declared a cash dividend of $0.40 per share for Class A common stock and $4.00 per share for Class B common stock, payable on March 19, 2026 to shareholders of record on March 9, 2026. Mechanics Bancorp is the financial holding company for Mechanics Bank, which reported $22.4 billion in assets and 166 branches across California, Oregon, Washington and Hawaii as of December 31, 2025.
Mechanics Bancorp is updating its corporate rules and returning cash to shareholders. The board amended the company’s bylaws to state that shares will generally be uncertificated and maintained in electronic book-entry form unless the board decides otherwise.
The board also declared a cash dividend of $0.40 per share for Class A common stock and $4.00 per share for Class B common stock, payable on March 19, 2026 to shareholders of record on March 9, 2026. Mechanics Bancorp is the financial holding company for Mechanics Bank, which reported $22.4 billion in assets and 166 branches across California, Oregon, Washington and Hawaii as of December 31, 2025.
Mechanics Bancorp director Edward Michael Downer reported several share acquisitions linked to the merger of HomeStreet Bank’s subsidiary with Mechanics Bank. He received 2,554 incentive units at no cash cost, each economically equivalent to one share of Class A common stock, with payment deferred until retirement, termination, or a change in control.
He also reported grants of Class A common stock, both directly and through multiple trusts and MJAK Holdings, LLC, in exchange for Mechanics Bank voting common shares under the merger terms. Indirect holdings are attributed to entities where he serves as trustee, voting trustee, or investment manager.
Mechanics Bancorp director Edward Michael Downer reported several share acquisitions linked to the merger of HomeStreet Bank’s subsidiary with Mechanics Bank. He received 2,554 incentive units at no cash cost, each economically equivalent to one share of Class A common stock, with payment deferred until retirement, termination, or a change in control.
He also reported grants of Class A common stock, both directly and through multiple trusts and MJAK Holdings, LLC, in exchange for Mechanics Bank voting common shares under the merger terms. Indirect holdings are attributed to entities where he serves as trustee, voting trustee, or investment manager.
Mechanics Bancorp director Edward Michael Downer filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing lists him as a director but shows no reported transactions, meaning there are no disclosed recent purchases, sales, or other changes in his holdings in this document.
Mechanics Bancorp director Edward Michael Downer filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing lists him as a director but shows no reported transactions, meaning there are no disclosed recent purchases, sales, or other changes in his holdings in this document.
Mechanics Bancorp EVP & CFO Nathan Duda reported equity compensation-related transactions. He exercised 2,571 incentive units, each economically equivalent to one share of Class A common stock, for $0.00 per unit, receiving 2,571 Class A shares. A separate transaction disposed of 1,801 Class A shares at $15.37 per share to cover tax obligations linked to the exercise, leaving him with 32,367 Class A shares held directly.
Mechanics Bancorp EVP & CFO Nathan Duda reported equity compensation-related transactions. He exercised 2,571 incentive units, each economically equivalent to one share of Class A common stock, for $0.00 per unit, receiving 2,571 Class A shares. A separate transaction disposed of 1,801 Class A shares at $15.37 per share to cover tax obligations linked to the exercise, leaving him with 32,367 Class A shares held directly.
Mechanics Bancorp executive vice president and chief accounting officer Fernando Pelayo exercised incentive units into common stock and had shares withheld for taxes. On February 15, 2026, he converted 2,506 incentive units into 2,506 shares of Class A common stock at $0.00 per share, then disposed of 1,032 shares at $15.37 per share to cover tax obligations. Following these transactions, he held 13,062 Class A shares and 5,012 incentive units, each unit economically equivalent to one share and vesting in two equal annual installments beginning February 15, 2027.
Mechanics Bancorp executive vice president and chief accounting officer Fernando Pelayo exercised incentive units into common stock and had shares withheld for taxes. On February 15, 2026, he converted 2,506 incentive units into 2,506 shares of Class A common stock at $0.00 per share, then disposed of 1,032 shares at $15.37 per share to cover tax obligations. Following these transactions, he held 13,062 Class A shares and 5,012 incentive units, each unit economically equivalent to one share and vesting in two equal annual installments beginning February 15, 2027.
Mechanics Bancorp executive Glenn C. Shrader, EVP & General Counsel, reported several equity award transactions dated February 15, 2026. He exercised incentive units from 2022, 2023 and 2024, each unit economically equivalent to one share of Class A common stock and requiring no cash payment upon vesting.
These exercises delivered Class A shares in blocks of 2,980, 1,719 and 2,498 shares. On the same date, Shrader had 1,228, 708 and 1,029 Class A shares withheld at $15.37 per share to cover tax obligations. Footnotes state all related shares from certain grants have vested, with remaining incentive units scheduled to vest on or after February 15, 2027.
Mechanics Bancorp executive Glenn C. Shrader, EVP & General Counsel, reported several equity award transactions dated February 15, 2026. He exercised incentive units from 2022, 2023 and 2024, each unit economically equivalent to one share of Class A common stock and requiring no cash payment upon vesting.
These exercises delivered Class A shares in blocks of 2,980, 1,719 and 2,498 shares. On the same date, Shrader had 1,228, 708 and 1,029 Class A shares withheld at $15.37 per share to cover tax obligations. Footnotes state all related shares from certain grants have vested, with remaining incentive units scheduled to vest on or after February 15, 2027.
Mechanics Bancorp executive Kristie S. Shields reported multiple equity award transactions involving Class A common stock. On February 15, 2026, she exercised several series of incentive units from 2022, 2023, and 2024, each economically equivalent to one share and requiring no cash payment upon vesting.
The exercises delivered shares of Class A common stock, while separate transactions labeled with code F show 1,400, 808, and 1,201 shares withheld at $15.37 per share to cover tax obligations. After these transactions, her directly held Class A common stock position was 18,109 shares.
Mechanics Bancorp executive Kristie S. Shields reported multiple equity award transactions involving Class A common stock. On February 15, 2026, she exercised several series of incentive units from 2022, 2023, and 2024, each economically equivalent to one share and requiring no cash payment upon vesting.
The exercises delivered shares of Class A common stock, while separate transactions labeled with code F show 1,400, 808, and 1,201 shares withheld at $15.37 per share to cover tax obligations. After these transactions, her directly held Class A common stock position was 18,109 shares.
Mechanics Bancorp executive Scott A. Givans exercised equity awards and adjusted his shareholdings. On February 15, 2026, he exercised 4,164 Incentive Units - Not Deferred (2024), which are derivative securities economically equivalent to one share of Class A common stock and require no cash payment upon vesting.
The exercise delivered 4,164 shares of Class A Common Stock, increasing his direct holdings to 33,278 shares before a related tax transaction. In a separate tax-withholding disposition, 1,715 Class A shares at $15.37 per share were surrendered to cover tax obligations, leaving Givans with 31,563 Class A shares held directly after these transactions. Footnotes state that incentive units vest in two equal annual installments beginning February 15, 2027.
Mechanics Bancorp executive Scott A. Givans exercised equity awards and adjusted his shareholdings. On February 15, 2026, he exercised 4,164 Incentive Units - Not Deferred (2024), which are derivative securities economically equivalent to one share of Class A common stock and require no cash payment upon vesting.
The exercise delivered 4,164 shares of Class A Common Stock, increasing his direct holdings to 33,278 shares before a related tax transaction. In a separate tax-withholding disposition, 1,715 Class A shares at $15.37 per share were surrendered to cover tax obligations, leaving Givans with 31,563 Class A shares held directly after these transactions. Footnotes state that incentive units vest in two equal annual installments beginning February 15, 2027.
Mechanics Bancorp executive Tony P. Kallingal, EVP & Chief Banking Officer, reported equity award activity involving incentive units and Class A common stock. He acquired 4,580 shares of Class A common stock at $0.0000 per share through the exercise or conversion of incentive units, bringing his direct Class A holdings to 30,429 shares before a tax-related disposition.
To satisfy tax obligations, 1,887 Class A shares were disposed of at $15.37 per share, leaving him with 28,542 directly held Class A shares. Following the derivative transaction, he also held 9,162 incentive units. Footnotes state each incentive unit is economically equivalent to one Class A share, requires no payment upon vesting, and vests in two equal annual installments beginning on February 15, 2027.
Mechanics Bancorp executive Tony P. Kallingal, EVP & Chief Banking Officer, reported equity award activity involving incentive units and Class A common stock. He acquired 4,580 shares of Class A common stock at $0.0000 per share through the exercise or conversion of incentive units, bringing his direct Class A holdings to 30,429 shares before a tax-related disposition.
To satisfy tax obligations, 1,887 Class A shares were disposed of at $15.37 per share, leaving him with 28,542 directly held Class A shares. Following the derivative transaction, he also held 9,162 incentive units. Footnotes state each incentive unit is economically equivalent to one Class A share, requires no payment upon vesting, and vests in two equal annual installments beginning on February 15, 2027.