Joseph Hanna - Feb 24, 2025 Form 4 Insider Report for MCGRATH RENTCORP (MGRC)

Role
President and CEO
Signature
David Whitney, POA for Joseph Hanna
Stock symbol
MGRC
Transactions as of
Feb 24, 2025
Transactions value $
-$2,149,978
Form type
4
Date filed
2/26/2025, 07:28 PM
Previous filing
Feb 25, 2025
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 +8.81K +5.23% $0.00 177K Feb 24, 2025 Direct
transaction MGRC Common Stock Options Exercise $0 +3.2K +1.81% $0.00 180K Feb 24, 2025 Direct
transaction MGRC Common Stock Tax liability -$825K -6.57K -3.64% $125.66 174K Feb 24, 2025 Direct
transaction MGRC Common Stock Options Exercise $0 +16.6K +9.57% $0.00 190K Feb 25, 2025 Direct F3
transaction MGRC Common Stock Options Exercise $0 +2.77K +1.46% $0.00 193K Feb 25, 2025 Direct
transaction MGRC Common Stock Tax liability -$1.33M -10.6K -5.48% $125.25 182K Feb 25, 2025 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 -8.81K -33.33% $0.00 17.6K Feb 24, 2025 Common Stock 8.81K $0.00 Direct F1, F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -3.2K -50% $0.00 3.2K Feb 24, 2025 Common Stock 3.2K $0.00 Direct F2
transaction MGRC Restricted Stock Unit Options Exercise $0 -8.31K -100% $0.00 0 Feb 25, 2025 Common Stock 8.31K $0.00 Direct F3, F4, F5
transaction MGRC Restricted Stock Unit Options Exercise $0 -2.77K -100% $0.00 0 Feb 25, 2025 Common Stock 2.77K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.