David M. Whitney - 28 Feb 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
VP, Controller, PAO
Signature
Keith Pratt, POA for David Whitney
Issuer symbol
MGRC
Transactions as of
28 Feb 2022
Net transactions value
-$157,277
Form type
4
Filing time
02 Mar 2022, 19:15:31 UTC
Previous filing
01 Mar 2022
Next filing
03 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 +1,825 +46% $0.000000 5,801 28 Feb 2022 Direct F5
transaction MGRC Common Stock Options Exercise $0 +417 +7.2% $0.000000 6,218 28 Feb 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +357 +5.7% $0.000000 6,575 28 Feb 2022 Direct
transaction MGRC Common Stock Tax liability $112,817 -1,388 -21% $81.28 5,187 28 Feb 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +557 +13% $0.000000 4,882 28 Feb 2022 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +520 +11% $0.000000 5,402 28 Feb 2022 Spouse's Holding
transaction MGRC Common Stock Tax liability $44,460 -547 -10% $81.28 4,855 28 Feb 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 Options Exercise $0 -1,825 -100% $0.000000* 0 28 Feb 2022 Common Stock 1,825 $0.000000 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -417 -100% $0.000000* 0 28 Feb 2022 Common Stock 417 $0.000000 Direct F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -357 -50% $0.000000 357 28 Feb 2022 Common Stock 357 $0.000000 Direct F2, F3
transaction MGRC Restricted Stock Unit Other $0 -1,670 -100% $0.000000* 0 28 Feb 2022 Common Stock 1,670 $0.000000 Spouse's Holding F4, F6
transaction MGRC Restricted Stock Unit Options Exercise $0 -557 -100% $0.000000* 0 28 Feb 2022 Common Stock 557 $0.000000 Spouse's Holding F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -520 -50% $0.000000 521 28 Feb 2022 Common Stock 520 $0.000000 Spouse's Holding F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 Forfeiture of performance based RSUs awarded on 2/28/2019.
F5 Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 146% of one share of McGrath RentCorp common stock.
F6 The RSUs are subject to a performance based vesting component at the end of a three-year period.