Porter Stuart Templeton 4
4 · MCGRATH RENTCORP · Filed Mar 3, 2022
Insider Transaction Report
Form 4
MCGRATH RENTCORPMGRC
Porter Stuart Templeton
VP and Division Manager
Transactions
- Exercise/Conversion
Common Stock
2022-03-01+200→ 746 total - Tax Payment
Common Stock
2022-03-01$79.72/sh−48$3,827→ 698 total - Exercise/Conversion
Common Stock
2022-03-02+640→ 1,338 total - Tax Payment
Common Stock
2022-03-02$80.43/sh−156$12,547→ 1,182 total - Exercise/Conversion
Restricted Stock Unit
2022-03-01−200→ 200 totalExercise: $0.00Exp: 2025-03-01→ Common Stock (200 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-03-02−640→ 0 totalExercise: $0.00Exp: 2024-03-02→ Common Stock (640 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.