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MCGRATH RENTCORP — Director's Dealing 2024
Feb 28, 2024
31410_dirs_2024-02-28_14cd5266-dc87-480d-ada2-a9af39c14111.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: 2024-02-26
Reporting Person: Whitney David M (VP, Controller, PAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-26 | Common Stock | M | 2240 | — | Acquired | 6060 | Direct |
| 2024-02-26 | Common Stock | M | 374 | — | Acquired | 6434 | Direct |
| 2024-02-26 | Common Stock | M | 390 | — | Acquired | 6824 | Direct |
| 2024-02-26 | Common Stock | M | 353 | — | Acquired | 7177 | Direct |
| 2024-02-26 | Common Stock | F | 1796 | $124.65 | Disposed | 5381 | Direct |
| 2024-02-26 | Common Stock | M | 514 | — | Acquired | 4587 | Indirect |
| 2024-02-26 | Common Stock | M | 523 | — | Acquired | 5110 | Indirect |
| 2024-02-26 | Common Stock | M | 1540 | — | Acquired | 6650 | Indirect |
| 2024-02-26 | Common Stock | M | 509 | — | Acquired | 7159 | Indirect |
| 2024-02-26 | Common Stock | F | 1652 | $124.65 | Disposed | 5507 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-26 | Restricted Stock Unit | $0 | M | 1120 | Disposed | 2028-02-25 | Common Stock (1120) | Direct |
| 2024-02-26 | Restricted Stock Unit | $0 | M | 374 | Disposed | 2028-02-25 | Common Stock (374) | Direct |
| 2024-02-26 | Restricted Stock Unit | $0 | M | 390 | Disposed | 2029-02-25 | Common Stock (390) | Direct |
| 2024-02-26 | Restricted Stock Unit | $0 | M | 353 | Disposed | 2030-02-24 | Common Stock (353) | Direct |
| 2024-02-26 | Restricted Stock Unit | $0 | M | 514 | Disposed | 2028-02-25 | Common Stock (514) | Indirect |
| 2024-02-26 | Restricted Stock Unit | $0 | M | 523 | Disposed | 2029-02-25 | Common Stock (523) | Indirect |
| 2024-02-26 | Restricted Stock Unit | $0 | M | 1540 | Disposed | 2030-02-24 | Common Stock (1540) | Indirect |
| 2024-02-26 | Restricted Stock Unit | $0 | M | 509 | Disposed | 2030-02-24 | Common Stock (509) | Indirect |
Footnotes
F1: Subject to vesting and upon achievement of certain performance goals, each Vested RSU was converted into 200% of one share of McGrath RentCorp common stock.
F2: The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 26, 2024 and therefore such date is determined to be the date exercisable.
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 equity to the fair market value of the common stock underlying the unit on the vesting date.
F4: The restricted stock units shall vest 100% on the first annual anniversary of the grant.