PRATT KEITH E 4
Research Summary
AI-generated summary
MCGRATH RENTCORP (MGRC) CFO Keith Pratt Receives RSU Award
What Happened
Keith E. Pratt, Executive Vice President and Chief Financial Officer of MCGRATH RENTCORP (MGRC), received a grant of 6,080 restricted stock units (RSUs) on February 27, 2026. The RSUs were reported at an acquisition price of $0.00 (code A — award/grant). Each RSU represents a right to receive one share (or cash equal to the fair market value) on the vesting date.
Key Details
- Transaction date: 2026-02-27; filing date: 2026-03-03.
- Security: 6,080 RSUs granted; reported price $0.00 (award).
- Shares held after the grant: 54,442 shares owned outright and 6,080 unvested RSUs (per filing footnote).
- Plan and vesting: RSUs granted under the 2016 Stock Incentive Plan. Vesting schedule: 33% at the first anniversary, 33% at the second, and 34% at the third anniversary of the grant. Each RSU converts to one share or cash equal to the share value at vesting (footnotes F1–F3).
- Filing note: No late-filing flag provided in the submission.
Context
This was an equity award (not an open-market purchase or sale). RSU grants are common incentive comp for executives and do not provide immediate tradable shares until vesting; therefore they are not direct evidence of short-term buying or selling intent.