Joseph Hanna - Mar 1, 2022 Form 4/A - Amendment Insider Report for MCGRATH RENTCORP (MGRC)

Signature
David Whitney, POA for Joseph Hanna
Stock symbol
MGRC
Transactions as of
Mar 1, 2022
Transactions value $
-$240,344
Form type
4/A - Amendment
Date filed
3/4/2022, 07:24 PM
Date Of Original Report
Mar 3, 2022
Previous filing
Mar 2, 2022
Next filing
May 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +2K +1.89% $0.00 108K Mar 1, 2022 Direct
transaction MGRC Common Stock Tax liability -$79.2K -993 -0.92% $79.72 107K Mar 1, 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +4.04K +3.78% $0.00 111K Mar 2, 2022 Direct
transaction MGRC Common Stock Tax liability -$161K -2K -1.81% $80.43 109K Mar 2, 2022 Direct F3

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 -2K -50% $0.00 2K Mar 1, 2022 Common Stock 2K $0.00 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -4.04K -100% $0.00* 0 Mar 2, 2022 Common Stock 4.04K $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.
F3 This Amendment is being filed to correct the Code for the shares disposed by the reporting person as reported on the Form 4 filed on March 3, 2022.