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MCGRATH RENTCORP — Director's Dealing 2025
Feb 26, 2025
31410_dirs_2025-02-26_1db6d6f7-600c-4ad6-b8df-6badb36abc27.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: 2025-02-24
Reporting Person: HANNA JOSEPH F (President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-24 | Common Stock | M | 8806 | — | Acquired | 177020 | Direct |
| 2025-02-24 | Common Stock | M | 3197 | — | Acquired | 180217 | Direct |
| 2025-02-24 | Common Stock | F | 6565 | $125.66 | Disposed | 173652 | Direct |
| 2025-02-25 | Common Stock | M | 16620 | — | Acquired | 190272 | Direct |
| 2025-02-25 | Common Stock | M | 2771 | — | Acquired | 193043 | Direct |
| 2025-02-25 | Common Stock | F | 10579 | $125.25 | Disposed | 182464 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-24 | Restricted Stock Unit | $0 | M | 8806 | Disposed | 2031-02-23 | Common Stock (8806) | Direct |
| 2025-02-24 | Restricted Stock Unit | $0 | M | 3197 | Disposed | 2030-02-24 | Common Stock (3197) | Direct |
| 2025-02-25 | Restricted Stock Unit | $0 | M | 8310 | Disposed | 2029-02-25 | Common Stock (8310) | Direct |
| 2025-02-25 | Restricted Stock Unit | $0 | M | 2771 | Disposed | 2029-02-25 | Common Stock (2771) | Direct |
Footnotes
F1: The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 24, 2025 and therefore such date is determined to be the date exercisable.
F2: 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.
F3: 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.
F4: The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
F5: The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 25, 2025 and therefore such date is determined to be the date exercisable.