Melodie Craft - Feb 27, 2023 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
VP Legal Affairs and Risk Mgmt
Signature
David Whitney, POA for Melodie Craft
Stock symbol
MGRC
Transactions as of
Feb 27, 2023
Transactions value $
-$84,142
Form type
4
Date filed
3/1/2023, 07:03 PM
Previous filing
May 3, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Award $0 +1.56K +63.93% $0.00 4K Feb 27, 2023 Direct F3
transaction MGRC Common Stock Options Exercise $0 +534 +13.35% $0.00 4.53K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +587 +12.95% $0.00 5.12K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +666 +13.01% $0.00 5.79K Feb 27, 2023 Direct
transaction MGRC Common Stock Tax liability -$84.1K -825 -14.26% $101.99 4.96K 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 -534 -100% $0.00* 0 Feb 27, 2023 Common Stock 534 $0.00 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -587 -50% $0.00 587 Feb 27, 2023 Common Stock 587 $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -666 -33.3% $0.00 1.33K Feb 27, 2023 Common Stock 666 $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.
F3 Upon achievement of certain performance goals, each vested PSU converted into 97.5% of one share of McGrath RentCorp common stock.