Joseph F. Hanna - Feb 25, 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
President and CEO
Signature
David Whitney, POA for Joseph Hanna
Stock symbol
MGRC
Transactions as of
Feb 25, 2022
Transactions value $
-$228,394
Form type
4
Date filed
3/1/2022, 05:14 PM
Previous filing
May 27, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +2.67K +2.85% $0.00 96.3K Feb 25, 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +3.21K +3.33% $0.00 99.5K Feb 25, 2022 Direct
transaction MGRC Common Stock Tax liability -$228K -2.81K -2.82% $81.25 96.7K Feb 25, 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 +8.31K $0.00 8.31K Feb 25, 2022 Common Stock 8.31K $0.00 Direct F1
transaction MGRC Restricted Stock Unit Award $0 +8.31K $0.00 8.31K Feb 25, 2022 Common Stock 8.31K $0.00 Direct F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -2.67K -33.33% $0.00 5.35K Feb 25, 2022 Common Stock 2.67K $0.00 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -3.21K -50% $0.00 3.21K Feb 25, 2022 Common Stock 3.21K $0.00 Direct F3
* 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.
F3 The restricted stock unit vests 50% on each anniversary of the grant date until fully vested. Each 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.