MCGRATH RENTCORP — Director's Dealing 2023

Mar 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCGRATH RENTCORP (MGRC)
CIK: 0000752714
Period of Report: 2023-02-27

Reporting Person: VAN TREASE KRISTINA (Sr. VP Business Strategy & Dev)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-27	Common Stock	A	1521	—	Acquired	9140	Direct
2023-02-27	Common Stock	M	521	—	Acquired	9661	Direct
2023-02-27	Common Stock	M	513	—	Acquired	10174	Direct
2023-02-27	Common Stock	M	523	—	Acquired	10697	Direct
2023-02-27	Common Stock	A	1044	—	Acquired	7648	Indirect
2023-02-27	Common Stock	M	357	—	Acquired	8005	Indirect
2023-02-27	Common Stock	M	373	—	Acquired	8378	Indirect
2023-02-27	Common Stock	M	389	—	Acquired	8767	Indirect
2023-02-27	Common Stock	F	1173	$101.99	Disposed	7594	Indirect
2023-02-27	Common Stock	F	1640	$101.99	Disposed	9057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-27	Restricted Stock Unit	$0	M	521	Disposed	2027-02-27	Common Stock (521)	Direct
2023-02-27	Restricted Stock Unit	$0	M	513	Disposed	2028-02-25	Common Stock (513)	Direct
2023-02-27	Restricted Stock Unit	$0	M	523	Disposed	2029-02-25	Common Stock (523)	Direct
2023-02-27	Restricted Stock Unit	$0	M	357	Disposed	2027-02-27	Common Stock (357)	Indirect
2023-02-27	Restricted Stock Unit	$0	M	373	Disposed	2028-02-25	Common Stock (373)	Indirect
2023-02-27	Restricted Stock Unit	$0	M	389	Disposed	2029-02-25	Common Stock (389)	Indirect

Footnotes

F1: 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.

F2: The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 27, 2023 and therefore such date is determined to be the date exercisable.

F3: Upon achievement of certain performance goals, each vested PSU converted into 97.5% of one share of McGrath RentCorp common stock.