David Whitney - Feb 24, 2023 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
VP, Controller, PAO
Signature
Keith Pratt, POA for David Whitney
Stock symbol
MGRC
Transactions as of
Feb 24, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 06:37 PM
Previous filing
Mar 17, 2022
Next filing
Mar 1, 2023

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 Award $0 +1.06K $0.00 1.06K Feb 24, 2023 Common Stock 1.06K $0.00 Direct F1
transaction MGRC Restricted Stock Unit Award $0 +1.06K $0.00 1.06K Feb 24, 2023 Common Stock 1.06K $0.00 Direct F2
transaction MGRC Restricted Stock Unit Award $0 +1.53K $0.00 1.53K Feb 24, 2023 Common Stock 1.53K $0.00 Spouse's Holding F1
transaction MGRC Restricted Stock Unit Award $0 +1.53K $0.00 1.53K Feb 24, 2023 Common Stock 1.53K $0.00 Spouse's Holding F2
transaction MGRC Restricted Stock Unit Award $0 +1.54K $0.00 1.54K Feb 24, 2023 Common Stock 1.54K $0.00 Spouse's Holding F3
* 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.
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.
F3 The restricted stock units shall vest 100% on the first annual anniversary of the grant.