Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MGRC | Restricted Stock Unit | Award | $0 | +1.44K | $0.00 | 1.44K | Feb 24, 2023 | Common Stock | 1.44K | $0.00 | Direct | F1 | |
transaction | MGRC | Restricted Stock Unit | Award | $0 | +1.44K | $0.00 | 1.44K | Feb 24, 2023 | Common Stock | 1.44K | $0.00 | Direct | F2 |
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. |
F2 | Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 50% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 100% at the end of the three-year performance period if the performance goal is satisfied. |