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MCGRATH RENTCORP — Director's Dealing 2023
Feb 3, 2023
31410_dirs_2023-02-03_37e8a61b-3d03-4ad2-8215-4bfc6151031b.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: 2023-02-01
Reporting Person: Porter Stuart Templeton (VP and Division Manager)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-01 | Common Stock | M | 200 | — | Acquired | 1382 | Direct |
| 2023-02-01 | Common Stock | M | 256 | — | Acquired | 1638 | Direct |
| 2023-02-01 | Common Stock | M | 213 | — | Acquired | 1851 | Direct |
| 2023-02-01 | Common Stock | M | 710 | — | Acquired | 2561 | Direct |
| 2023-02-01 | Common Stock | M | 237 | — | Acquired | 2798 | Direct |
| 2023-02-01 | Common Stock | F | 472 | $98.42 | Disposed | 2326 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-01 | Restricted Stock Unit | $0 | M | 200 | Disposed | 2025-03-01 | Common Stock (200) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | M | 256 | Disposed | 2029-02-25 | Common Stock (256) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | J | 514 | Disposed | 2029-02-25 | Common Stock (514) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | M | 213 | Disposed | 2028-02-25 | Common Stock (213) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | J | 214 | Disposed | 2028-02-25 | Common Stock (214) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | M | 710 | Disposed | 2027-02-27 | Common Stock (710) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | M | 237 | Disposed | 2027-02-27 | Common Stock (237) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | J | 640 | Disposed | 2028-02-25 | Common Stock (640) | Direct |
| 2023-02-01 | Restricted Stock Unit | $0 | J | 770 | Disposed | 2029-02-25 | Common Stock (770) | Direct |
Footnotes
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.
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.
F3: Forfeiture of service based RSUs awarded on 2/25/2022.
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.
F5: Forfeiture of service based RSUs awarded on 2/25/2021.
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.
F7: Forfeiture of performance based RSUs awarded on 2/25/2021.
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.
F9: Forfeiture of performance based RSUs awarded on 2/25/2022.
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.
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.