John P. Skenesky - 25 Feb 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
VP & Division Manager
Signature
David Whitney, POA for John Skenesky
Issuer symbol
MGRC
Transactions as of
25 Feb 2022
Net transactions value
-$12,431
Form type
4
Filing time
01 Mar 2022, 16:47:58 UTC
Next filing
02 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 +513 +6.4% $0.000000 8,532 25 Feb 2022 Direct
transaction MGRC Common Stock Tax liability $12,431 -153 -1.8% $81.25 8,379 25 Feb 2022 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 Award $0 +1,540 $0.000000 1,540 25 Feb 2022 Common Stock 1,540 $0.000000 Direct F1
transaction MGRC Restricted Stock Unit Award $0 +1,540 $0.000000 1,540 25 Feb 2022 Common Stock 1,540 $0.000000 Direct F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -513 -33% $0.000000 1,027 25 Feb 2022 Common Stock 513 $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 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.
F2 Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 50% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 100% at the end of the three-year performance period if the performance goal is satisfied.