Joseph F. Hanna - Feb 27, 2023 Form 4/A - Amendment Insider Report for MCGRATH RENTCORP (MGRC)

Role
President and CEO
Signature
David Whitney, POA for Joseph Hanna
Stock symbol
MGRC
Transactions as of
Feb 27, 2023
Transactions value $
-$1,087,315
Form type
4/A - Amendment
Date filed
3/14/2023, 08:25 PM
Date Of Original Report
Mar 1, 2023
Previous filing
Feb 27, 2023
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 +8.66K +6.57% $0.00 140K Feb 27, 2023 Direct F4
transaction MGRC Common Stock Options Exercise $0 +2.96K +2.11% $0.00 143K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +2.67K +1.86% $0.00 146K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +3.21K +2.19% $0.00 149K Feb 27, 2023 Direct
transaction MGRC Common Stock Options Exercise $0 +2.77K +1.85% $0.00 152K Feb 27, 2023 Direct
transaction MGRC Common Stock Tax liability -$1.09M -10.7K -7.01% $101.99 141K Feb 27, 2023 Direct F5

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 -2.96K -100% $0.00* 0 Feb 27, 2023 Common Stock 2.96K $0.00 Direct F1
transaction MGRC Restricted Stock Unit Options Exercise $0 -2.67K -49.99% $0.00 2.67K Feb 27, 2023 Common Stock 2.67K $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -3.21K -100% $0.00* 0 Feb 27, 2023 Common Stock 3.21K $0.00 Direct F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -2.77K -33.32% $0.00 5.54K Feb 27, 2023 Common Stock 2.77K $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 The restricted stock unit vests 50% on each anniversary of the grant date until fully vested. Each 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.
F4 Upon achievement of certain performance goals, each vested PSU converted into 97.5% of one share of McGrath RentCorp common stock.
F5 This Amendment is being filed to correct the number of Securities Beneficially Owned Following the Reported Transactions on the Form 4 filed on March 1, 2023.