Joseph F. Hanna - Mar 1, 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
Mar 1, 2023
Transactions value $
-$2,063,353
Form type
4/A - Amendment
Date filed
3/14/2023, 08:41 PM
Date Of Original Report
Mar 3, 2023
Previous filing
Mar 14, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +2K +1.42% $0.00 143K Mar 1, 2023 Direct
transaction MGRC Common Stock Tax liability -$106K -1.05K -0.73% $101.03 142K Mar 1, 2023 Direct
transaction MGRC Common Stock Options Exercise $1.94M +56K +39.34% $34.57 198K Mar 2, 2023 Direct
transaction MGRC Common Stock Disposed to Issuer -$1.94M -19.2K -9.66% $101.03 179K Mar 2, 2023 Direct
transaction MGRC Common Stock Tax liability -$1.96M -19.4K -10.81% $101.03 160K Mar 2, 2023 Direct F3

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 -2K -100% $0.00* 0 Mar 1, 2023 Common Stock 2K $0.00 Direct F1
transaction MGRC Stock Appreciation Right Options Exercise $0 -56K -100% $0.00* 0 Mar 2, 2023 Common Stock 56K $34.57 Direct 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 vests 20% 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.
F2 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter.
F3 This Amendment is being filed to correct the number of Securities Beneficially Owned Following the Reported Transactions on the Form 4 filed on March 3, 2023.