Kristina Van Trease - Feb 26, 2024 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
Chief Strategy Officer
Signature
Keith Pratt, POA for Kristina Van Trease Whitney
Stock symbol
MGRC
Transactions as of
Feb 26, 2024
Transactions value $
-$429,793
Form type
4
Date filed
2/28/2024, 09:21 PM
Previous filing
Feb 27, 2024
Next filing
Oct 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +514 +12.62% $0.00 4.59K Feb 26, 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +523 +11.4% $0.00 5.11K Feb 26, 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +1.54K +30.14% $0.00 6.65K Feb 26, 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +509 +7.65% $0.00 7.16K Feb 26, 2024 Direct
transaction MGRC Common Stock Tax liability -$206K -1.65K -23.08% $124.65 5.51K Feb 26, 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +2.24K +58.64% $0.00 6.06K Feb 26, 2024 Spouse's Holding F4
transaction MGRC Common Stock Options Exercise $0 +374 +6.17% $0.00 6.43K Feb 26, 2024 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +390 +6.06% $0.00 6.82K Feb 26, 2024 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +353 +5.17% $0.00 7.18K Feb 26, 2024 Spouse's Holding
transaction MGRC Common Stock Tax liability -$224K -1.8K -25.02% $124.65 5.38K Feb 26, 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 -514 -100% $0.00* 0 Feb 26, 2024 Common Stock 514 $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -523 -49.95% $0.00 524 Feb 26, 2024 Common Stock 523 $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -1.54K -100% $0.00* 0 Feb 26, 2024 Common Stock 1.54K $0.00 Direct F1, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -509 -33.27% $0.00 1.02K Feb 26, 2024 Common Stock 509 $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -1.12K -100% $0.00* 0 Feb 26, 2024 Common Stock 1.12K $0.00 Spouse's Holding F1, F4
transaction MGRC Restricted Stock Unit Options Exercise $0 -374 -100% $0.00* 0 Feb 26, 2024 Common Stock 374 $0.00 Spouse's Holding F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -390 -49.94% $0.00 391 Feb 26, 2024 Common Stock 390 $0.00 Spouse's Holding F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -353 -33.3% $0.00 707 Feb 26, 2024 Common Stock 353 $0.00 Spouse's Holding F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 The restricted stock units shall vest 100% on the first annual anniversary of the grant.
F4 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.