David M. Whitney - 26 Feb 2024 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
VP, Controller, PAO
Signature
Keith Pratt, POA for David Whitney
Issuer symbol
MGRC
Transactions as of
26 Feb 2024
Net transactions value
-$429,793
Form type
4
Filing time
28 Feb 2024, 21:01:53 UTC
Previous filing
27 Feb 2024
Next filing
30 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +2,240 +59% $0.000000 6,060 26 Feb 2024 Direct F1
transaction MGRC Common Stock Options Exercise $0 +374 +6.2% $0.000000 6,434 26 Feb 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +390 +6.1% $0.000000 6,824 26 Feb 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +353 +5.2% $0.000000 7,177 26 Feb 2024 Direct
transaction MGRC Common Stock Tax liability $223,871 -1,796 -25% $124.65 5,381 26 Feb 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +514 +13% $0.000000 4,587 26 Feb 2024 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +523 +11% $0.000000 5,110 26 Feb 2024 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +1,540 +30% $0.000000 6,650 26 Feb 2024 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +509 +7.7% $0.000000 7,159 26 Feb 2024 Spouse's Holding
transaction MGRC Common Stock Tax liability $205,922 -1,652 -23% $124.65 5,507 26 Feb 2024 Spouse's Holding

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 -1,120 -100% $0.000000* 0 26 Feb 2024 Common Stock 1,120 $0.000000 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -374 -100% $0.000000* 0 26 Feb 2024 Common Stock 374 $0.000000 Direct F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -390 -50% $0.000000 391 26 Feb 2024 Common Stock 390 $0.000000 Direct F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -353 -33% $0.000000 707 26 Feb 2024 Common Stock 353 $0.000000 Direct F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -514 -100% $0.000000* 0 26 Feb 2024 Common Stock 514 $0.000000 Spouse's Holding F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -523 -50% $0.000000 524 26 Feb 2024 Common Stock 523 $0.000000 Spouse's Holding F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,540 -100% $0.000000* 0 26 Feb 2024 Common Stock 1,540 $0.000000 Spouse's Holding F2, F4
transaction MGRC Restricted Stock Unit Options Exercise $0 -509 -33% $0.000000 1,021 26 Feb 2024 Common Stock 509 $0.000000 Spouse's Holding 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.
F4 The restricted stock units shall vest 100% on the first annual anniversary of the grant.