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MCGRATH RENTCORP·4

Feb 25, 9:25 PM ET

VAN TREASE KRISTINA 4

4 · MCGRATH RENTCORP · Filed Feb 25, 2026

Research Summary

AI-generated summary of this filing

Updated

McGrath RentCorp (MGRC) CSO Kristina Van Trease Exercises RSUs; Shares Withheld

What Happened

  • Kristina Van Trease, Chief Strategy Officer of McGrath RentCorp (MGRC), had performance- and time-based restricted stock units (RSUs) convert into shares on Feb 23–24, 2026. The filing shows she acquired approximately 6,509 shares via conversion (no cash exercise price) and had about 4,060 shares withheld/sold to cover taxes, generating roughly $462,858 in proceeds. Net shares issued to her were about 2,449 shares after withholding.
  • These were RSU vesting/conversion transactions (derivative exercise/settlement), not open-market purchases. The cash-like component was the tax withholding (code F), which is routine.

Key Details

  • Transaction dates: Feb 23–24, 2026. Filing date: Feb 25, 2026 (timely).
  • Conversion (exercise) price: $0.00 per share (RSUs converted to common stock).
  • Tax withholding sales: 4,060 shares withheld/sold at about $113.07–$114.48 per share, totaling ≈ $462,858.
    • 2/23/2026: 837 shares @ $113.07 = $94,640; 532 shares @ $113.07 = $60,153
    • 2/24/2026: 1,582 shares @ $114.48 = $181,107; 1,109 shares @ $114.48 = $126,958
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes of note:
    • F1: RSUs vest 33%/33%/34% over three years (time-based portion).
    • F2: RSUs include a performance-based vesting component over a three-year period.
    • F3: Conversion date determined by closing price on Feb 24, 2026.
    • F4: Performance RSUs converted at a multiplier: each vested RSU became 159.21% of one share (explains the conversion quantities).
  • Codes explained: M = derivative exercise/settlement (RSU conversion); F = payment of tax liability via share withholding/sale.

Context

  • This is effectively a cashless settlement of RSUs: the units converted into shares (no cash exercise price), and a portion of shares were withheld/sold to satisfy taxes. Such withholding is a routine administrative step and does not necessarily signal insider sentiment about the stock.
  • There is no indication in the filing of a separate open-market sale or a 10% owner transaction; these were award conversions and tax withholdings tied to RSU vesting.

Insider Transaction Report

Form 4
Period: 2026-02-23
MCGRATH RENTCORPMGRC
VAN TREASE KRISTINA
Chief Strategy Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-02-23+933→ 7,627 total
  • Tax Payment

    Common Stock

    2026-02-23$113.07/sh−837$94,640→ 6,790 total
  • Exercise/Conversion

    Common Stock

    2026-02-24+511→ 7,301 total
  • Exercise/Conversion

    Common Stock

    2026-02-24+2,436→ 9,737 total
  • Tax Payment

    Common Stock

    [F4]
    2026-02-24$114.48/sh−1,582$181,107→ 8,155 total
  • Exercise/Conversion

    Common Stock

    2026-02-23+587→ 3,400 total(indirect: By Spouse)
  • Tax Payment

    Common Stock

    2026-02-23$113.07/sh−532$60,153→ 2,868 total(indirect: By Spouse)
  • Exercise/Conversion

    Common Stock

    2026-02-24+354→ 3,222 total(indirect: By Spouse)
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-02-24+1,688→ 4,910 total(indirect: By Spouse)
  • Tax Payment

    Common Stock

    2026-02-24$114.48/sh−1,109$126,958→ 3,801 total(indirect: By Spouse)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1]
    2026-02-23−933→ 934 total
    Exercise: $0.00Exp: 2031-02-23→ Common Stock (933 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1]
    2026-02-24−511→ 0 total
    Exercise: $0.00Exp: 2030-02-24→ Common Stock (511 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F2][F3]
    2026-02-24−1,530→ 0 total
    Exercise: $0.00Exp: 2030-02-24→ Common Stock (1,530 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1]
    2026-02-23−587→ 587 total(indirect: By Spouse)
    Exercise: $0.00Exp: 2031-02-23→ Common Stock (587 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1]
    2026-02-24−354→ 0 total(indirect: By Spouse)
    Exercise: $0.00Exp: 2030-02-24→ Common Stock (354 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F2][F3]
    2026-02-24−1,060→ 0 total(indirect: By Spouse)
    Exercise: $0.00Exp: 2030-02-24→ Common Stock (1,060 underlying)
Footnotes (4)
  • [F1]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.
  • [F2]The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
  • [F3]The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 24, 2026 and therefore such date is determined to be the date exercisable.
  • [F4]Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 159.21% of one share of McGrath RentCorp common stock.
Signature
Gilda Malek, POA for Kristina Van Trease Whitney|2026-02-25

Documents

1 file
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