Stuart Porter - Feb 28, 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
VP & Division Manager
Signature
Tara Wescott, POA for Stuart Porter
Stock symbol
MGRC
Transactions as of
Feb 28, 2022
Transactions value $
-$9,916
Form type
4
Date filed
3/2/2022, 06:17 PM
Previous filing
Mar 1, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +281 +187.33% $0.00 431 Feb 28, 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +237 +54.99% $0.00 668 Feb 28, 2022 Direct
transaction MGRC Common Stock Tax liability -$9.92K -122 -18.26% $81.28 546 Feb 28, 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 Other $0 -840 -100% $0.00* 0 Feb 28, 2022 Common Stock 840 $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -281 -100% $0.00* 0 Feb 28, 2022 Common Stock 281 $0.00 Direct F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -237 -50% $0.00 237 Feb 28, 2022 Common Stock 237 $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Forfeiture of performance based RSUs awarded on 2/28/2019.
F2 The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F3 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.
F4 The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 28, 2022 and therefore such date is determined to be the date exercisable.