Mechanics Bancorp (MCHB) EVP granted 4,470 RSUs vesting from 2027

Rhea-AI Filing Summary

Mechanics Bancorp reported that EVP & Chief Accounting Officer Fernando Pelayo received a grant of 4,470 shares of Class A common stock on March 1, 2026, as a stock award. This increased his directly held stake to 17,532 shares.

The footnote explains that the award was granted as 4,470 Restricted Stock Units that vest in three equal annual installments beginning March 1, 2027. Each RSU converts into one share of Class A common stock at vesting without any purchase price.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pelayo Fernando

Role EVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	4,470	$0.00	--

Holdings After Transaction: Class A Common Stock — 17,532 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Pelayo Fernando

(Last) (First) (Middle)

1111 CIVIC DR STE 390

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 Accounting 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		4,470	A	(1)	17,532	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 4,470 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 Fernando Pelayo	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Mechanics Bancorp (MCHB) report for Fernando Pelayo?

Mechanics Bancorp reported that EVP & Chief Accounting Officer Fernando Pelayo received a grant of 4,470 Class A common shares on March 1, 2026. The award came at $0.00 per share as part of his equity compensation.

How do the new RSUs granted to Mechanics Bancorp EVP vest?

The 4,470 Restricted Stock Units granted to EVP & Chief Accounting Officer Fernando Pelayo vest in three equal annual installments starting on March 1, 2027. Each RSU converts into one share of Class A common stock at vesting without any cash payment.

How many Mechanics Bancorp shares does Fernando Pelayo own after this Form 4?

After the reported award, Fernando Pelayo directly holds 17,532 shares of Mechanics Bancorp Class A common stock. This figure reflects his ownership immediately following the 4,470-share grant disclosed in the Form 4 insider filing.

Did Fernando Pelayo buy Mechanics Bancorp shares on the open market?

No, the filing shows a grant/award acquisition of 4,470 shares at a $0.00 price per share, not an open-market purchase. The shares were granted as Restricted Stock Units under a compensation arrangement and convert into stock as they vest.

What type of security was granted to the Mechanics Bancorp EVP in this Form 4?

The transaction involved Restricted Stock Units (RSUs) linked to Mechanics Bancorp Class A common stock. Each RSU represents a contingent right to receive one share of Class A common stock when it vests, with no consideration due from the holder at vesting.

When do the newly granted Mechanics Bancorp RSUs start vesting?

The RSUs granted to Fernando Pelayo begin vesting on March 1, 2027. Vesting occurs in three equal annual installments, meaning portions of the 4,470 units convert into Class A common shares in 2027, 2028, and 2029, subject to the award terms.