Stuart Templeton Porter - 31 Jan 2022 Form 3 Insider Report for MCGRATH RENTCORP (MGRC)

Role
VP & Division Manager
Signature
Tara Wescott, POA for Stuart Porter
Issuer symbol
MGRC
Transactions as of
31 Jan 2022
Net transactions value
$0
Form type
3
Filing time
09 Feb 2022, 19:16:34 UTC
Next filing
01 Mar 2022
SEC
View on sec.gov

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
holding MGRC Stock Appreciation Right 31 Jan 2022 Common Stock 1,760 $34.57 Direct F1
holding MGRC Performance Stock Unit 31 Jan 2022 Common Stock 640 $0.000000 Direct F2
holding MGRC Restricted Stock Unit 31 Jan 2022 Common Stock 400 $0.000000 Direct F3
holding MGRC Restricted Stock Unit 31 Jan 2022 Common Stock 281 $0.000000 Direct F4
holding MGRC Performance Stock Unit 31 Jan 2022 Common Stock 840 $0.000000 Direct F5
holding MGRC Restricted Stock Unit 31 Jan 2022 Common Stock 474 $0.000000 Direct F4
holding MGRC Performance Stock Unit 31 Jan 2022 Common Stock 710 $0.000000 Direct F5
holding MGRC Restricted Stock Unit 31 Jan 2022 Common Stock 640 $0.000000 Direct F4
holding MGRC Performance Stock Unit 31 Jan 2022 Common Stock 640 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter.
F2 The RSUs vest 60% at the end of the three-year performance period if the performance goal is satisfied; then 20% vests each anniversary thereafter.
F3 The restricted stock unit vests 20% on each anniversary of the grant date until fully vested. Each 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.
F4 The restricted stock unit shall vest as follows: 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.
F5 Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 50% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 100% at the end of the three-year performance period if the performance goal is satisfied.