Tara Wescott - 24 Feb 2025 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Signature
David Whitney, POA for Tara Wescott
Issuer symbol
MGRC
Transactions as of
24 Feb 2025
Net transactions value
-$188,194
Form type
4
Filing time
26 Feb 2025, 18:20:08 UTC
Previous filing
25 Feb 2025
Next filing
25 Feb 2026

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +826 +23% $0.000000 4,450 24 Feb 2025 Direct
transaction MGRC Common Stock Options Exercise $0 +400 +9% $0.000000 4,850 24 Feb 2025 Direct
transaction MGRC Common Stock Tax liability $59,312 -472 -9.7% $125.66 4,378 24 Feb 2025 Direct
transaction MGRC Common Stock Options Exercise $0 +2,460 +56% $0.000000 6,838 25 Feb 2025 Direct F3
transaction MGRC Common Stock Options Exercise $0 +411 +6% $0.000000 7,249 25 Feb 2025 Direct
transaction MGRC Common Stock Tax liability $128,882 -1,029 -14% $125.25 6,220 25 Feb 2025 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 -826 -33% $0.000000 1,654 24 Feb 2025 Common Stock 826 $0.000000 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -400 -50% $0.000000 401 24 Feb 2025 Common Stock 400 $0.000000 Direct F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,230 -100% $0.000000 0 25 Feb 2025 Common Stock 1,230 $0.000000 Direct F3, F4, F5
transaction MGRC Restricted Stock Unit Options Exercise $0 -411 -100% $0.000000 0 25 Feb 2025 Common Stock 411 $0.000000 Direct 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 24, 2025 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 equal to the fair market value of the common stock underlying the unit on the vesting date.
F3 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.
F4 The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F5 The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 25, 2025 and therefore such date is determined to be the date exercisable