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

Role: President and CEO
Signature: David Whitney, POA for Joseph Hanna
Issuer symbol: MGRC
Transactions as of: 25 Feb 2022
Net transactions value: -$228,394
Form type: 4
Filing time: 01 Mar 2022, 17:14:28 UTC
Previous filing: 27 May 2021
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	+2,673	+2.9%	$0.000000	96,313	25 Feb 2022	Direct
transaction	MGRC	Common Stock	Options Exercise	$0	+3,205	+3.3%	$0.000000	99,518	25 Feb 2022	Direct
transaction	MGRC	Common Stock	Tax liability	$228,394	-2,811	-2.8%	$81.25	96,707	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	+8,310		$0.000000	8,310	25 Feb 2022	Common Stock	8,310	$0.000000	Direct	F1
transaction	MGRC	Restricted Stock Unit	Award	$0	+8,310		$0.000000	8,310	25 Feb 2022	Common Stock	8,310	$0.000000	Direct	F2
transaction	MGRC	Restricted Stock Unit	Options Exercise	$0	-2,673	-33%	$0.000000	5,347	25 Feb 2022	Common Stock	2,673	$0.000000	Direct	F1
transaction	MGRC	Restricted Stock Unit	Options Exercise	$0	-3,205	-50%	$0.000000	3,205	25 Feb 2022	Common Stock	3,205	$0.000000	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.