KEITH E. PRATT - 27 Feb 2023 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
Executive VP and CFO
Signature
David Whitney, POA for Keith Pratt
Issuer symbol
MGRC
Transactions as of
27 Feb 2023
Net transactions value
-$317,699
Form type
4
Filing time
01 Mar 2023, 17:48:45 UTC
Previous filing
27 Feb 2023
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Award $0 +3,120 +7.2% $0.000000 46,450 27 Feb 2023 Direct F3
transaction MGRC Common Stock Options Exercise $0 +1,067 +2.3% $0.000000 47,517 27 Feb 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +1,017 +2.1% $0.000000 48,534 27 Feb 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +1,076 +2.2% $0.000000 49,610 27 Feb 2023 Direct
transaction MGRC Common Stock Tax liability $317,699 -3,115 -6.3% $101.99 46,495 27 Feb 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 -1,067 -100% $0.000000* 0 27 Feb 2023 Common Stock 1,067 $0.000000 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,017 -50% $0.000000 1,017 27 Feb 2023 Common Stock 1,017 $0.000000 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,076 -33% $0.000000 2,154 27 Feb 2023 Common Stock 1,076 $0.000000 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.
F3 Upon achievement of certain performance goals, each vested PSU converted into 97.5% of one share of McGrath RentCorp common stock.