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MCGRATH RENTCORP — Director's Dealing 2022
Feb 9, 2022
31410_dirs_2022-02-09_abefcce3-436e-4298-beb3-2bea3ac7f9ba.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: MCGRATH RENTCORP (MGRC)
CIK: 0000752714
Period of Report: 2022-01-31
Reporting Person: Porter Stuart Templeton (VP & Division Manager)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $34.57 | 2024-03-02 | Common Stock (1760) | Direct | |
| Performance Stock Unit | $0 | 2024-03-02 | Common Stock (640) | Direct | |
| Restricted Stock Unit | $0 | 2025-03-01 | Common Stock (400) | Direct | |
| Restricted Stock Unit | $0 | 2026-02-28 | Common Stock (281) | Direct | |
| Performance Stock Unit | $0 | 2026-02-28 | Common Stock (840) | Direct | |
| Restricted Stock Unit | $0 | 2027-02-27 | Common Stock (474) | Direct | |
| Performance Stock Unit | $0 | 2027-02-27 | Common Stock (710) | Direct | |
| Restricted Stock Unit | $0 | 2028-02-25 | Common Stock (640) | Direct | |
| Performance Stock Unit | $0 | 2028-02-25 | Common Stock (640) | Direct |
Footnotes
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.