Tara Wescott - Feb 27, 2023 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
Feb 27, 2023
Transactions value $
-$32,127
Form type
4
Date filed
3/1/2023, 05:34 PM
Previous filing
Feb 27, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +383 +25.95% $0.00 1.86K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +409 +22% $0.00 2.27K Feb 27, 2023 Direct
transaction MGRC Common Stock Tax liability -$32.1K -315 -13.89% $101.99 1.95K Feb 27, 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 -383 -49.93% $0.00 384 Feb 27, 2023 Common Stock 383 $0.00 Direct F1, F2
transaction MGRC Common Stock Options Exercise $0 -409 -33.25% $0.00 821 Feb 27, 2023 Common Stock 409 $0.00 Direct F1, 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 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 The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 27, 2023 and therefore such date is determined to be the date exercisable.