Gilda Malek - Apr 1, 2024 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Signature
Tara Wescott, POA for Gilda Malek
Stock symbol
MGRC
Transactions as of
Apr 1, 2024
Transactions value $
-$61,593
Form type
4
Date filed
4/3/2024, 09:19 AM
Previous 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 +1.43K $0.00 1.43K Apr 1, 2024 Direct
transaction MGRC Common Stock Tax liability -$61.6K -510 -35.69% $120.77 919 Apr 1, 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 -1.43K -33.31% $0.00 2.86K Apr 1, 2024 Common Stock 1.43K $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 April 1, 2024 and therefore such dates is determined to be the date exercisable.