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

Role
VP & Division Manager
Signature
Tara Wescott, POA for Stuart Porter
Stock symbol
MGRC
Transactions as of
Jan 31, 2022
Transactions value $
$0
Form type
3
Date filed
2/9/2022, 07:16 PM
Next filing
Mar 1, 2022

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 Jan 31, 2022 Common Stock 1.76K $34.57 Direct F1
holding MGRC Performance Stock Unit Jan 31, 2022 Common Stock 640 $0.00 Direct F2
holding MGRC Restricted Stock Unit Jan 31, 2022 Common Stock 400 $0.00 Direct F3
holding MGRC Restricted Stock Unit Jan 31, 2022 Common Stock 281 $0.00 Direct F4
holding MGRC Performance Stock Unit Jan 31, 2022 Common Stock 840 $0.00 Direct F5
holding MGRC Restricted Stock Unit Jan 31, 2022 Common Stock 474 $0.00 Direct F4
holding MGRC Performance Stock Unit Jan 31, 2022 Common Stock 710 $0.00 Direct F5
holding MGRC Restricted Stock Unit Jan 31, 2022 Common Stock 640 $0.00 Direct F4
holding MGRC Performance Stock Unit Jan 31, 2022 Common Stock 640 $0.00 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.