Kristina Van Trease - Feb 28, 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
Sr. VP Business Strategy & Dev
Signature
Keith Pratt, POA for Kristina Van Trease Whitney
Stock symbol
MGRC
Transactions as of
Feb 28, 2022
Transactions value $
-$157,277
Form type
4
Date filed
3/2/2022, 06:48 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 +557 +12.88% $0.00 4.88K Feb 28, 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +520 +10.65% $0.00 5.4K Feb 28, 2022 Direct
transaction MGRC Common Stock Tax liability -$44.5K -547 -10.13% $81.28 4.86K Feb 28, 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +1.83K +45.9% $0.00 5.8K Feb 28, 2022 Spouse's Holding F5
transaction MGRC Common Stock Options Exercise $0 +417 +7.19% $0.00 6.22K Feb 28, 2022 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +357 +5.74% $0.00 6.58K Feb 28, 2022 Spouse's Holding
transaction MGRC Common Stock Tax liability -$113K -1.39K -21.11% $81.28 5.19K Feb 28, 2022 Spouse's Holding

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 -1.67K -100% $0.00* 0 Feb 28, 2022 Common Stock 1.67K $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -557 -100% $0.00* 0 Feb 28, 2022 Common Stock 557 $0.00 Direct F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -520 -49.95% $0.00 521 Feb 28, 2022 Common Stock 520 $0.00 Direct F3, F4
transaction MGRC Restricted Stock Unit Options Exercise $0 -1.83K -100% $0.00* 0 Feb 28, 2022 Common Stock 1.83K $0.00 Spouse's Holding F6
transaction MGRC Restricted Stock Unit Options Exercise $0 -417 -100% $0.00* 0 Feb 28, 2022 Common Stock 417 $0.00 Spouse's Holding F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -357 -50% $0.00 357 Feb 28, 2022 Common Stock 357 $0.00 Spouse's Holding 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.
F5 Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 146% of one share of McGrath RentCorp common stock.
F6 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.