Keith E. Pratt - 01 Mar 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Reporting relationship: Executive VP and CFO
Issuer ticker: MGRC
Reported as of: 01 Mar 2022
Net transaction value: -$88,900
SEC form: 4
Accepted by SEC: 03 Mar 2022, 16:40:47 UTC
Prior SEC filing: 02 Mar 2022
Next SEC filing: 13 May 2022
Source filing: View source filing
Reporting owner signature: David Whitney, POA for Keith Pratt

Key filing fact

Keith E. Pratt filed Form 4 for MCGRATH RENTCORP (MGRC) on 03 Mar 2022.

Key facts

This page summarizes Keith E. Pratt's Form 4 filing for MCGRATH RENTCORP (MGRC).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 03 Mar 2022, 16:40.

Change

Previous filing in this sequence was filed on 02 Mar 2022.
Current net transaction value: -$88,900.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MGRC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +880
Change %: +2.5%
Price: $0.000000
Shares after: 36,311
Date: 01 Mar 2022
Ownership: Direct

MGRC transaction

Common Stock

Tax liability

Transaction value: $24,315
Shares: -305
Change %: -0.84%
Price: $79.72
Shares after: 36,006
Date: 01 Mar 2022
Ownership: Direct

MGRC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,320
Change %: +6.4%
Price: $0.000000
Shares after: 38,326
Date: 02 Mar 2022
Ownership: Direct

MGRC transaction

Common Stock

Tax liability

Transaction value: $64,585
Shares: -803
Change %: -2.1%
Price: $80.43
Shares after: 37,523
Date: 02 Mar 2022
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MGRC transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -880
Change %: -50%
Price: $0.000000
Shares after: 880
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 880
Exercise price: $0.000000
Footnotes: F1

MGRC transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -2,320
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 02 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,320
Exercise price: $0.000000
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.