KEITH E. PRATT - 26 Feb 2024 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
Executive VP and CFO
Signature
David Whitney, POA for Keith Pratt
Issuer symbol
MGRC
Transactions as of
26 Feb 2024
Net transactions value
-$593,583
Form type
4
Filing time
28 Feb 2024, 20:07:09 UTC
Previous filing
27 Feb 2024
Next filing
30 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGRC Common Stock Options Exercise $0 +6,100 +12% $0.000000 58,336 26 Feb 2024 Direct F1
transaction MGRC Common Stock Options Exercise $0 +1,017 +1.7% $0.000000 59,353 26 Feb 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +1,077 +1.8% $0.000000 60,430 26 Feb 2024 Direct
transaction MGRC Common Stock Options Exercise $0 +1,199 +2% $0.000000 61,629 26 Feb 2024 Direct
transaction MGRC Common Stock Tax liability $593,583 -4,762 -7.7% $124.65 56,867 26 Feb 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MGRC Restricted Stock Unit Options Exercise $0 -3,050 -100% $0.000000* 0 26 Feb 2024 Common Stock 3,050 $0.000000 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,017 -100% $0.000000* 0 26 Feb 2024 Common Stock 1,017 $0.000000 Direct F2, F3
transaction MGRC Restricted Stock Unit Options Exercise $0 -1,077 -50% $0.000000 1,077 26 Feb 2024 Common Stock 1,077 $0.000000 Direct F2, F3
transaction MGRC Common Stock Options Exercise $0 -1,199 -33% $0.000000 2,401 26 Feb 2024 Common Stock 1,199 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.