Tara Wescott - May 31, 2022 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role: Vice President Human Resources
Signature: David Whitney, POA for Tara Wescott
Stock symbol: MGRC
Transactions as of: May 31, 2022
Transactions value $: -$27,212
Form type: 4
Date filed: 6/1/2022, 08:35 PM
Previous filing: Mar 1, 2022
Next filing: Feb 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MGRC	Common Stock	Options Exercise	$0	+957	+112.59%	$0.00	1.81K	May 31, 2022	Direct
transaction	MGRC	Common Stock	Tax liability	-$27.2K	-331	-18.32%	$82.21	1.48K	May 31, 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	-957	-50%	$0.00	957	May 31, 2022	Common Stock	957	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock unit shall vest 33% on the first annual anniversary of the grant; 33% on the second annual anniversary of the grant; and 34% on the third annual anniversary of the grant. Each restricted stock 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 conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on May 31, 2022 and therefore such date is determined to be the date exercisable.

Content

The restricted stock unit shall vest 33% on the first annual anniversary of the grant; 33% on the second annual anniversary of the grant; and 34% on the third annual anniversary of the grant. Each restricted stock 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 conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on May 31, 2022 and therefore such date is determined to be the date exercisable.