Tara Wescott - May 30, 2023 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role: Vice President Human Resources
Signature: David Whitney, POA for Tara Wescott
Stock symbol: MGRC
Transactions as of: May 30, 2023
Transactions value $: -$29,783
Form type: 4
Date filed: 6/1/2023, 07:16 PM
Previous filing: May 12, 2023
Next filing: Feb 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MGRC	Common Stock	Options Exercise	$0	+957	+127.09%	$0.00	1.71K	May 30, 2023	Direct
transaction	MGRC	Common Stock	Tax liability	-$29.8K	-331	-19.36%	$89.98	1.38K	May 30, 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	-957	-100%	$0.00^*	0	May 30, 2023	Common Stock	957	$0.00	Direct	F1

* 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. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on May 30, 2023 and therefore such date is determined to be the date exercisable.

Content

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. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on May 30, 2023 and therefore such date is determined to be the date exercisable.