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MCGRATH RENTCORP — Director's Dealing 2023
Feb 27, 2023
31410_dirs_2023-02-27_ce0345ec-d482-4d3d-a8d8-8e19c104a178.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: 2023-02-24
Reporting Person: HANNA JOSEPH F (President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-24 | Restricted Stock Unit | $0 | A | 9590 | Acquired | 2030-02-24 | Common Stock (9590) | Direct |
| 2023-02-24 | Restricted Stock Unit | $0 | A | 16310 | Acquired | 2030-02-24 | Common Stock (16310) | Direct |
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: 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.