Hawkins Philip B 4
4 · MCGRATH RENTCORP · Filed Feb 26, 2025
Insider Transaction Report
Form 4
MCGRATH RENTCORPMGRC
Hawkins Philip B
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2025-02-24+657→ 5,140 total - Exercise/Conversion
Common Stock
2025-02-25+4,000→ 8,564 total - Exercise/Conversion
Restricted Stock Unit
2025-02-24−657→ 657 totalExercise: $0.00From: 2024-02-24Exp: 2030-02-24→ Common Stock (657 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-02-25−667→ 0 totalExercise: $0.00From: 2023-02-25Exp: 2029-02-25→ Common Stock (667 underlying) - Exercise/Conversion
Common Stock
2025-02-24+1,333→ 4,483 total - Tax Payment
Common Stock
2025-02-24$125.66/sh−576$72,380→ 4,564 total - Tax Payment
Common Stock
2025-02-25$125.25/sh−1,277$159,944→ 7,954 total - Exercise/Conversion
Restricted Stock Unit
2025-02-24−1,333→ 2,667 totalExercise: $0.00Exp: 2031-02-23→ Common Stock (1,333 underlying) - Exercise/Conversion
Common Stock
2025-02-25+667→ 9,231 total - Exercise/Conversion
Restricted Stock Unit
2025-02-25−2,000→ 0 totalExercise: $0.00Exp: 2029-02-25→ Common Stock (2,000 underlying)
Footnotes (5)
- [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.