David Whitney - Mar 1, 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role: VP, Controller, PAO
Signature: Keith Pratt, POA for David Whitney
Stock symbol: MGRC
Transactions as of: Mar 1, 2022
Transactions value $: -$96,546
Form type: 4
Date filed: 3/3/2022, 05:02 PM
Previous filing: Mar 2, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	MGRC	Common Stock	Options Exercise	$0	+200	+3.86%	$0.00	5.39K	Mar 1, 2022	Direct
transaction	MGRC	Common Stock	Tax liability	-$8.29K	-104	-1.93%	$79.72	5.28K	Mar 1, 2022	Direct
transaction	MGRC	Common Stock	Options Exercise	$0	+560	+10.6%	$0.00	5.84K	Mar 2, 2022	Direct
transaction	MGRC	Common Stock	Tax liability	-$23.3K	-290	-4.96%	$80.43	5.55K	Mar 2, 2022	Direct
transaction	MGRC	Common Stock	Options Exercise	$0	+380	+7.83%	$0.00	5.24K	Mar 1, 2022	Spouse's Holding
transaction	MGRC	Common Stock	Tax liability	-$15.4K	-193	-3.69%	$79.72	5.04K	Mar 1, 2022	Spouse's Holding
transaction	MGRC	Common Stock	Options Exercise	$0	+1.2K	+23.8%	$0.00	6.24K	Mar 2, 2022	Spouse's Holding
transaction	MGRC	Common Stock	Tax liability	-$49.5K	-616	-9.87%	$80.43	5.63K	Mar 2, 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	-200	-50%	$0.00	200	Mar 1, 2022	Common Stock	200	$0.00	Direct	F1
transaction	MGRC	Restricted Stock Unit	Options Exercise	$0	-560	-100%	$0.00^*	0	Mar 2, 2022	Common Stock	560	$0.00	Direct	F2
transaction	MGRC	Restricted Stock Unit	Options Exercise	$0	-380	-50%	$0.00	380	Mar 1, 2022	Common Stock	380	$0.00	Spouse's Holding	F1
transaction	MGRC	Restricted Stock Unit	Options Exercise	$0	-1.2K	-100%	$0.00^*	0	Mar 2, 2022	Common Stock	1.2K	$0.00	Spouse's Holding	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.