David M. Whitney - 24 Feb 2025 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
SVP, Chief Accounting Officer
Signature
Keith Pratt, POA for David Whitney
Issuer symbol
MGRC
Transactions as of
24 Feb 2025
Net transactions value
-$598,119
Form type
4
Filing time
26 Feb 2025, 20:05:37 UTC
Previous filing
25 Feb 2025
Next filing
06 Jun 2025
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 +586 +51% $0.000000 1,731 24 Feb 2025 Direct
transaction MGRC Common Stock Options Exercise $0 +353 +20% $0.000000 2,084 24 Feb 2025 Direct
transaction MGRC Common Stock Tax liability $67,605 -538 -26% $125.66 1,546 24 Feb 2025 Direct
transaction MGRC Common Stock Options Exercise $0 +2,340 +151% $0.000000 3,886 25 Feb 2025 Direct F3
transaction MGRC Common Stock Options Exercise $0 +391 +10% $0.000000 4,277 25 Feb 2025 Direct
transaction MGRC Common Stock Tax liability $183,366 -1,464 -34% $125.25 2,813 25 Feb 2025 Direct
transaction MGRC Common Stock Options Exercise $0 +933 +13% $0.000000 8,010 24 Feb 2025 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +510 +6.4% $0.000000 8,520 24 Feb 2025 Spouse's Holding
transaction MGRC Common Stock Tax liability $101,282 -806 -9.5% $125.66 7,714 24 Feb 2025 Spouse's Holding
transaction MGRC Common Stock Options Exercise $0 +3,140 +69% $0.000000 7,714 25 Feb 2025 Spouse's Holding F3
transaction MGRC Common Stock Options Exercise $0 +524 +4.7% $0.000000 11,648 25 Feb 2025 Spouse's Holding
transaction MGRC Common Stock Tax liability $245,866 -1,963 -17% $125.25 9,415 25 Feb 2025 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 -586 -33% $0.000000 1,174 24 Feb 2025 Common Stock 586 $0.000000 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -353 -50% $0.000000 354 24 Feb 2025 Common Stock 353 $0.000000 Direct F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,170 -100% $0.000000 0 25 Feb 2025 Common Stock 1,170 $0.000000 Direct F3, F4, F5
transaction MGRC Restricted Stock Unit Options Exercise $0 -391 -100% $0.000000 0 25 Feb 2025 Common Stock 391 $0.000000 Direct F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -933 -33% $0.000000 1,867 24 Feb 2025 Common Stock 933 $0.000000 Spouse's Holding F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -510 -50% $0.000000 511 24 Feb 2025 Common Stock 510 $0.000000 Spouse's Holding F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,570 -100% $0.000000 0 25 Feb 2025 Common Stock 1,570 $0.000000 Spouse's Holding F3, F4, F5
transaction MGRC Restricted Stock Unit Options Exercise $0 -524 -100% $0.000000 0 25 Feb 2025 Common Stock 524 $0.000000 Spouse's Holding 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.