Joseph F. Hanna - Feb 26, 2024 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
President and CEO
Signature
David Whitney, POA for Joseph Hanna
Stock symbol
MGRC
Transactions as of
Feb 26, 2024
Transactions value $
-$1,651,613
Form type
4
Date filed
2/28/2024, 08:19 PM
Previous filing
Feb 27, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +16K +10.04% $0.00 176K Feb 26, 2024 Direct F1
transaction MGRC Common Stock Options Exercise $0 +2.67K +1.52% $0.00 179K Feb 26, 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +2.77K +1.55% $0.00 181K Feb 26, 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +3.2K +1.76% $0.00 184K Feb 26, 2024 Direct
transaction MGRC Common Stock Tax liability -$1.65M -13.3K -7.18% $124.65 171K Feb 26, 2024 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 -8.02K -100% $0.00* 0 Feb 26, 2024 Common Stock 8.02K $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -2.67K -100% $0.00* 0 Feb 26, 2024 Common Stock 2.67K $0.00 Direct F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -2.77K -49.99% $0.00 2.77K Feb 26, 2024 Common Stock 2.77K $0.00 Direct F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -3.2K -33.33% $0.00 6.39K Feb 26, 2024 Common Stock 3.2K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to vesting and upon achievement of certain performance goals, each Vested RSU was converted into 200% of one share of McGrath RentCorp common stock.
F2 The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 26, 2024 and therefore such date is determined to be the date exercisable.
F3 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 equity to the fair market value of the common stock underlying the unit on the vesting date.