David Whitney - Feb 27, 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 27, 2023
Transactions value $
-$286,898
Form type
4
Date filed
3/1/2023, 06:52 PM
Previous filing
Feb 27, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Award $0 +1.04K +15.81% $0.00 7.65K Feb 27, 2023 Direct F3
transaction MGRC Common Stock Options Exercise $0 +357 +4.67% $0.00 8.01K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +373 +4.66% $0.00 8.38K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +389 +4.64% $0.00 8.77K Feb 27, 2023 Direct
transaction MGRC Common Stock Award $0 +1.52K +19.96% $0.00 9.14K Feb 27, 2023 Spouse's Holding F3
transaction MGRC Common Stock Options Exercise $0 +521 +5.7% $0.00 9.66K Feb 27, 2023 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +513 +5.31% $0.00 10.2K Feb 27, 2023 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +523 +5.14% $0.00 10.7K Feb 27, 2023 Spouse's Holding
transaction MGRC Common Stock Tax liability -$167K -1.64K -15.33% $101.99 9.06K Feb 27, 2023 Spouse's Holding
transaction MGRC Common Stock Tax liability -$120K -1.17K -13.38% $101.99 7.59K 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 -357 -100% $0.00* 0 Feb 27, 2023 Common Stock 357 $0.00 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -373 -49.93% $0.00 374 Feb 27, 2023 Common Stock 373 $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -389 -33.25% $0.00 781 Feb 27, 2023 Common Stock 389 $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -521 -100% $0.00* 0 Feb 27, 2023 Common Stock 521 $0.00 Spouse's Holding F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -513 -49.95% $0.00 514 Feb 27, 2023 Common Stock 513 $0.00 Spouse's Holding F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -523 -33.31% $0.00 1.05K Feb 27, 2023 Common Stock 523 $0.00 Spouse's Holding 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.