Philip B. Hawkins - 01 Mar 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role: Senior VP Mobile Modular Div
Signature: David Whitney, POA for Philip B. Hawkins
Issuer symbol: MGRC
Transactions as of: 01 Mar 2022
Net transactions value: -$32,907
Form type: 4
Filing time: 03 Mar 2022, 16:33:02 UTC
Previous filing: 02 Mar 2022
Next filing: 15 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	MGRC	Common Stock	Options Exercise	$0	+400	+4.2%	$0.000000	9,992	01 Mar 2022	Direct
transaction	MGRC	Common Stock	Tax liability	$7,813	-98	-0.98%	$79.72	9,894	01 Mar 2022	Direct
transaction	MGRC	Common Stock	Options Exercise	$0	+1,280	+13%	$0.000000	11,174	02 Mar 2022	Direct
transaction	MGRC	Common Stock	Tax liability	$25,094	-312	-2.8%	$80.43	10,862	02 Mar 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	-400	-50%	$0.000000	400	01 Mar 2022	Common Stock	400	$0.000000	Direct	F1
transaction	MGRC	Restricted Stock Unit	Options Exercise	$0	-1,280	-100%	$0.000000^*	0	02 Mar 2022	Common Stock	1,280	$0.000000	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.

Content

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.

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.