Tara Wescott - 01 Jun 2021 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role: Vice President Human Resources
Signature: David Whitney, POA for Tara Wescott
Issuer symbol: MGRC
Transactions as of: 01 Jun 2021
Net transactions value: -$28,718
Form type: 4
Filing time: 02 Jun 2021, 20:55:05 UTC
Next filing: 01 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MGRC	Common Stock	Options Exercise	$0	+956		$0.000000	956	01 Jun 2021	Direct
transaction	MGRC	Common Stock	Tax liability	$28,718	-331	-35%	$86.76	625	01 Jun 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MGRC	Restricted Stock Unit	Options Exercise	$0	-956	-33%	$0.000000	1,914	01 Jun 2021	Common Stock	956	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock unit shall vest as follows: 33% on the first annual anniversary of the grant; 33% on the second annual anniversary of the grant; and 34% on the third annual anniversary of the grant. Each restricted stock unit represents a right to receive one share of common stock or an amount equal to the fair market value of the common stock underlying the unit on the vesting date. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on June 1, 2021 and therefore such date is determined to be the date exercisable.

Content

The restricted stock unit shall vest as follows: 33% on the first annual anniversary of the grant; 33% on the second annual anniversary of the grant; and 34% on the third annual anniversary of the grant. Each restricted stock unit represents a right to receive one share of common stock or an amount equal to the fair market value of the common stock underlying the unit on the vesting date. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on June 1, 2021 and therefore such date is determined to be the date exercisable.