Porter Stuart Templeton 4

Accession 0000752714-23-000001

CIK 0000752714other

View on SEC.gov Company Profile

Filed

Feb 2, 7:00 PM ET

Accepted

Feb 3, 5:59 PM ET

Size

34.0 KB

Accession

0000752714-23-000001

Insider Transaction Report

Form 4

Period: 2023-02-01

MCGRATH RENTCORPMGRC

Porter Stuart Templeton

VP and Division Manager

Transactions

Exercise/Conversion
Common Stock
2023-02-01+213→ 1,851 total
Tax Payment
Common Stock
2023-02-01$98.42/sh−472$46,454→ 2,326 total
Exercise/Conversion
Restricted Stock Unit
2023-02-01−256→ 514 total
Exercise: $0.00Exp: 2029-02-25→ Common Stock (256 underlying)
Exercise/Conversion
Restricted Stock Unit
2023-02-01−200→ 0 total
Exercise: $0.00Exp: 2025-03-01→ Common Stock (200 underlying)
Other
Restricted Stock Unit
2023-02-01−214→ 0 total
Exercise: $0.00Exp: 2028-02-25→ Common Stock (214 underlying)
Other
Restricted Stock Unit
2023-02-01−640→ 0 total
Exercise: $0.00Exp: 2028-02-25→ Common Stock (640 underlying)
Exercise/Conversion
Common Stock
2023-02-01+200→ 1,382 total
Exercise/Conversion
Common Stock
2023-02-01+256→ 1,638 total
Exercise/Conversion
Common Stock
2023-02-01+710→ 2,561 total
Exercise/Conversion
Common Stock
2023-02-01+237→ 2,798 total
Other
Restricted Stock Unit
2023-02-01−514→ 0 total
Exercise: $0.00Exp: 2029-02-25→ Common Stock (514 underlying)
Exercise/Conversion
Restricted Stock Unit
2023-02-01−237→ 0 total
Exercise: $0.00Exp: 2027-02-27→ Common Stock (237 underlying)
Exercise/Conversion
Restricted Stock Unit
2023-02-01−213→ 214 total
Exercise: $0.00Exp: 2028-02-25→ Common Stock (213 underlying)
Exercise/Conversion
Restricted Stock Unit
2023-02-01−710→ 0 total
Exercise: $0.00Exp: 2027-02-27→ Common Stock (710 underlying)
Other
Restricted Stock Unit
2023-02-01−770→ 0 total
Exercise: $0.00Exp: 2029-02-25→ Common Stock (770 underlying)

Footnotes (11)

[F1]In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in March 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date.
[F10]The unvested balance of the performance based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.
[F11]The unvested balance of the service based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.
[F2]In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in February 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date.
[F3]Forfeiture of service based RSUs awarded on 2/25/2022.
[F4]The unvested balance of the service based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.
[F5]Forfeiture of service based RSUs awarded on 2/25/2021.
[F6]In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023, 100% of this performance based restricted stock unit was accelerated and deemed achieved at target for years 2020, 2021 and 2022. Each performance based RSU converts into one share of McGrath RentCorp common stock.
[F7]Forfeiture of performance based RSUs awarded on 2/25/2021.
[F8]The unvested balance of the performance based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023.
[F9]Forfeiture of performance based RSUs awarded on 2/25/2022.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

MCGRATH RENTCORP

CIK 0000752714

→

Entity typeother

Related Parties

filerCIK 0001909407

Filing Metadata

Form type: 4
Filed: Feb 2, 7:00 PM ET
Accepted: Feb 3, 5:59 PM ET
Size: 34.0 KB

View on SEC.gov