Stuart Porter - Feb 1, 2023 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Signature
Tara Wescott, POA for Stuart Porter
Stock symbol
MGRC
Transactions as of
Feb 1, 2023
Transactions value $
-$46,454
Form type
4
Date filed
2/3/2023, 04:59 PM
Previous filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +200 +16.92% $0.00 1.38K Feb 1, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +256 +18.52% $0.00 1.64K Feb 1, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +213 +13% $0.00 1.85K Feb 1, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +710 +38.36% $0.00 2.56K Feb 1, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +237 +9.25% $0.00 2.8K Feb 1, 2023 Direct
transaction MGRC Common Stock Tax liability -$46.5K -472 -16.87% $98.42 2.33K Feb 1, 2023 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 -200 -100% $0.00* 0 Feb 1, 2023 Common Stock 200 $0.00 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -256 -33.25% $0.00 514 Feb 1, 2023 Common Stock 256 $0.00 Direct F2
transaction MGRC Restricted Stock Unit Other $0 -514 -100% $0.00* 0 Feb 1, 2023 Common Stock 514 $0.00 Direct F3, F4
transaction MGRC Restricted Stock Unit Options Exercise $0 -213 -49.88% $0.00 214 Feb 1, 2023 Common Stock 213 $0.00 Direct F2
transaction MGRC Restricted Stock Unit Other $0 -214 -100% $0.00* 0 Feb 1, 2023 Common Stock 214 $0.00 Direct F5, F11
transaction MGRC Restricted Stock Unit Options Exercise $0 -710 -100% $0.00* 0 Feb 1, 2023 Common Stock 710 $0.00 Direct F6
transaction MGRC Restricted Stock Unit Options Exercise $0 -237 -100% $0.00* 0 Feb 1, 2023 Common Stock 237 $0.00 Direct F2
transaction MGRC Restricted Stock Unit Other $0 -640 -100% $0.00* 0 Feb 1, 2023 Common Stock 640 $0.00 Direct F7, F8
transaction MGRC Restricted Stock Unit Other $0 -770 -100% $0.00* 0 Feb 1, 2023 Common Stock 770 $0.00 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in March 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date.
F2 In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in February 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date.
F3 Forfeiture of service based RSUs awarded on 2/25/2022.
F4 The unvested balance of the service based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.
F5 Forfeiture of service based RSUs awarded on 2/25/2021.
F6 In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023, 100% of this performance based restricted stock unit was accelerated and deemed achieved at target for years 2020, 2021 and 2022. Each performance based RSU converts into one share of McGrath RentCorp common stock.
F7 Forfeiture of performance based RSUs awarded on 2/25/2021.
F8 The unvested balance of the performance based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.
F9 Forfeiture of performance based RSUs awarded on 2/25/2022.
F10 The unvested balance of the performance based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.
F11 The unvested balance of the service based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.