Joseph F. Hanna - 01 Mar 2022 Form 4/A - Amendment Insider Report for MCGRATH RENTCORP (MGRC)

Role
President and CEO
Signature
David Whitney, POA for Joseph Hanna
Issuer symbol
MGRC
Transactions as of
01 Mar 2022
Net transactions value
-$240,344
Form type
4/A - Amendment
Filing time
04 Mar 2022, 19:24:56 UTC
Date Of Original Report
03 Mar 2022
Previous filing
02 Mar 2022
Next filing
20 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +2,002 +1.9% $0.000000 107,975 01 Mar 2022 Direct
transaction MGRC Common Stock Tax liability $79,162 -993 -0.92% $79.72 106,982 01 Mar 2022 Direct
transaction MGRC Common Stock Options Exercise $0 +4,040 +3.8% $0.000000 111,022 02 Mar 2022 Direct
transaction MGRC Common Stock Tax liability $161,182 -2,004 -1.8% $80.43 109,018 02 Mar 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 -2,002 -50% $0.000000 2,002 01 Mar 2022 Common Stock 2,002 $0.000000 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -4,040 -100% $0.000000* 0 02 Mar 2022 Common Stock 4,040 $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.
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.