Stuart Templeton Porter - 01 Feb 2023 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Reporting relationship: VP and Division Manager
Issuer ticker: MGRC
Reported as of: 01 Feb 2023
Net transaction value: -$46,454
SEC form: 4
Accepted by SEC: 03 Feb 2023, 16:59:45 UTC
Prior SEC filing: 03 Mar 2022
Source filing: View source filing
Reporting owner signature: Tara Wescott, POA for Stuart Porter

Key filing fact

Stuart Templeton Porter filed Form 4 for MCGRATH RENTCORP (MGRC) on 03 Feb 2023.

Key facts

This page summarizes Stuart Templeton Porter's Form 4 filing for MCGRATH RENTCORP (MGRC).
15 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 03 Feb 2023, 16:59.

Change

Previous filing in this sequence was filed on 03 Mar 2022.
Current net transaction value: -$46,454.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MGRC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +200
Change %: +17%
Price: $0.000000
Shares after: 1,382
Date: 01 Feb 2023
Ownership: Direct

MGRC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +256
Change %: +19%
Price: $0.000000
Shares after: 1,638
Date: 01 Feb 2023
Ownership: Direct

MGRC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +213
Change %: +13%
Price: $0.000000
Shares after: 1,851
Date: 01 Feb 2023
Ownership: Direct

MGRC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +710
Change %: +38%
Price: $0.000000
Shares after: 2,561
Date: 01 Feb 2023
Ownership: Direct

MGRC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +237
Change %: +9.3%
Price: $0.000000
Shares after: 2,798
Date: 01 Feb 2023
Ownership: Direct

MGRC transaction

Common Stock

Tax liability

Transaction value: $46,454
Shares: -472
Change %: -17%
Price: $98.42
Shares after: 2,326
Date: 01 Feb 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MGRC transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -200
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200
Exercise price: $0.000000
Footnotes: F1

MGRC transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -256
Change %: -33%
Price: $0.000000
Shares after: 514
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 256
Exercise price: $0.000000
Footnotes: F2

MGRC transaction Derivative

Restricted Stock Unit

Other

Transaction value: $0
Shares: -514
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 514
Exercise price: $0.000000
Footnotes: F3, F4

MGRC transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -213
Change %: -50%
Price: $0.000000
Shares after: 214
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 213
Exercise price: $0.000000
Footnotes: F2

MGRC transaction Derivative

Restricted Stock Unit

Other

Transaction value: $0
Shares: -214
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 214
Exercise price: $0.000000
Footnotes: F5, F11

MGRC transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -710
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 710
Exercise price: $0.000000
Footnotes: F6

MGRC transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -237
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 237
Exercise price: $0.000000
Footnotes: F2

MGRC transaction Derivative

Restricted Stock Unit

Other

Transaction value: $0
Shares: -640
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 640
Exercise price: $0.000000
Footnotes: F7, F8

MGRC transaction Derivative

Restricted Stock Unit

Other

Transaction value: $0
Shares: -770
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 770
Exercise price: $0.000000
Footnotes: F9, F10

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in March 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date.

Footnote F2

In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in February 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date.

Footnote F3

Forfeiture of service based RSUs awarded on 2/25/2022.

Footnote F4

The unvested balance of the service based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.

Footnote F5

Forfeiture of service based RSUs awarded on 2/25/2021.

Footnote F6

In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023, 100% of this performance based restricted stock unit was accelerated and deemed achieved at target for years 2020, 2021 and 2022. Each performance based RSU converts into one share of McGrath RentCorp common stock.

Footnote F7

Forfeiture of performance based RSUs awarded on 2/25/2021.

Footnote F8

The unvested balance of the performance based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.

Footnote F9

Forfeiture of performance based RSUs awarded on 2/25/2022.

Footnote F10

The unvested balance of the performance based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.

Footnote F11

The unvested balance of the service based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.