4//SEC Filing
Dashner Kay 4
Accession 0000752714-21-000021
CIK 0000752714other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 9:08 PM ET
Size
34.3 KB
Accession
0000752714-21-000021
Insider Transaction Report
Form 4
MCGRATH RENTCORPMGRC
Dashner Kay
Vice President Human Resources
Transactions
- Exercise/Conversion
Common Stock
2021-03-01+240→ 6,191 total - Exercise/Conversion
Common Stock
2021-03-01+2,400→ 8,591 total - Exercise/Conversion
Common Stock
2021-03-01+670→ 9,261 total - Exercise/Conversion
Restricted Stock Units
2021-03-01−240→ 480 totalExercise: $0.00Exp: 2025-03-01→ Common Stock (240 underlying) - Exercise/Conversion
Restricted Stock Units
2021-03-01−670→ 671 totalExercise: $0.00Exp: 2026-02-28→ Common Stock (670 underlying) - Exercise/Conversion
Stock Appreciation Right
2021-03-02−1,375→ 0 totalExercise: $31.99From: 2016-03-02Exp: 2022-03-02→ Common Stock (1,375 underlying) - Exercise/Conversion
Stock Appreciation Right
2021-03-02−880→ 2,200 totalExercise: $34.57From: 2018-03-02Exp: 2024-03-02→ Common Stock (880 underlying) - Exercise/Conversion
Stock Appreciation Right
2021-03-02−2,000→ 7,045 totalExercise: $24.60From: 2017-03-01Exp: 2023-03-01→ Common Stock (2,000 underlying) - Tax Payment
Common Stock
2021-03-01$78.58/sh−1,238$97,282→ 8,023 total - Exercise/Conversion
Common Stock
2021-03-02$31.99/sh+1,375$43,986→ 9,398 total - Exercise/Conversion
Common Stock
2021-03-02$34.57/sh+880$30,422→ 10,278 total - Exercise/Conversion
Common Stock
2021-03-02+640→ 10,918 total - Exercise/Conversion
Common Stock
2021-03-02$24.60/sh+2,000$49,200→ 12,918 total - Tax Payment
Common Stock
2021-03-02$78.58/sh−1,151$90,446→ 11,767 total - Disposition to Issuer
Common Stock
2021-03-02$78.58/sh−1,575$123,764→ 10,192 total - Exercise/Conversion
Restricted Stock Units
2021-03-01−2,400→ 0 totalExercise: $0.00Exp: 2025-03-01→ Common Stock (2,400 underlying) - Exercise/Conversion
Restricted Stock Units
2021-03-02−640→ 640 totalExercise: $0.00Exp: 2024-03-02→ Common Stock (640 underlying)
Footnotes (5)
- [F1]Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 50% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 100% at the end of the three-year performance period if the performance goal is satisfied.
- [F2]The restricted stock unit vests 20% on each anniversary of the grant date until fully vested. Each 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. The Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.
- [F3]The restricted stock unit shall vest as follows: 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. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on March 1, 2021 and therefore such date is determined to be the date exercisable.
- [F4]The RSUs vest 60% at the end of the three-year performance period if the performance goal is satisfied; then 20% vests each anniversary thereafter. Each 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. The Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.
- [F5]Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.
Documents
Issuer
MCGRATH RENTCORP
CIK 0000752714
Entity typeother
Related Parties
1- filerCIK 0001437409
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 9:08 PM ET
- Size
- 34.3 KB