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MCGRATH RENTCORP — Director's Dealing 2022
Mar 2, 2022
31410_dirs_2022-03-02_b857fc45-491e-4dcc-b4c6-83e82fac8432.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MCGRATH RENTCORP (MGRC)
CIK: 0000752714
Period of Report: 2022-02-28
Reporting Person: VAN TREASE KRISTINA (Sr. VP Business Strategy & Dev)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-28 | Common Stock | M | 557 | — | Acquired | 4882 | Direct |
| 2022-02-28 | Common Stock | M | 520 | — | Acquired | 5402 | Direct |
| 2022-02-28 | Common Stock | F | 547 | $81.28 | Disposed | 4855 | Direct |
| 2022-02-28 | Common Stock | M | 1825 | — | Acquired | 5801 | Indirect |
| 2022-02-28 | Common Stock | M | 417 | — | Acquired | 6218 | Indirect |
| 2022-02-28 | Common Stock | M | 357 | — | Acquired | 6575 | Indirect |
| 2022-02-28 | Common Stock | F | 1388 | $81.28 | Disposed | 5187 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-28 | Restricted Stock Unit | $0 | J | 1670 | Disposed | 2022-02-28 | Common Stock (1670) | Direct |
| 2022-02-28 | Restricted Stock Unit | $0 | M | 557 | Disposed | 2026-02-28 | Common Stock (557) | Direct |
| 2022-02-28 | Restricted Stock Unit | $0 | M | 520 | Disposed | 2027-02-27 | Common Stock (520) | Direct |
| 2022-02-28 | Restricted Stock Unit | $0 | M | 1825 | Disposed | 2026-02-28 | Common Stock (1825) | Indirect |
| 2022-02-28 | Restricted Stock Unit | $0 | M | 417 | Disposed | 2026-02-28 | Common Stock (417) | Indirect |
| 2022-02-28 | Restricted Stock Unit | $0 | M | 357 | Disposed | 2027-02-27 | Common Stock (357) | Indirect |
Footnotes
F1: Forfeiture of performance based RSUs awarded on 2/28/2019.
F2: The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F3: 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.
F4: The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 28, 2022 and therefore such date is determined to be the date exercisable.
F5: Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 146% of one share of McGrath RentCorp common stock.
F6: 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.