John Lieffrig - Mar 1, 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Signature
David Whitney, POA for John Lieffrig
Stock symbol
MGRC
Transactions as of
Mar 1, 2022
Transactions value $
-$27,766
Form type
4
Date filed
3/3/2022, 04:20 PM
Previous filing
Mar 2, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +300 +2.37% $0.00 13K Mar 1, 2022 Direct
transaction MGRC Common Stock Tax liability -$7.02K -88 -0.68% $79.72 12.9K Mar 1, 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +880 +6.83% $0.00 13.8K Mar 2, 2022 Direct
transaction MGRC Common Stock Tax liability -$20.8K -258 -1.87% $80.43 13.5K Mar 2, 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 Options Exercise $0 -300 -50% $0.00 300 Mar 1, 2022 Common Stock 300 $0.00 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -880 -100% $0.00* 0 Mar 2, 2022 Common Stock 880 $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock unit vests 20% 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. The Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.
F2 The RSUs vest 60% at the end of the three-year performance period if the performance goal is satisfied; then 20% vests each anniversary thereafter. 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. The Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.