VAN TREASE KRISTINA 4
Research Summary
AI-generated summary
McGrath Rentcorp (MGRC) CSO Kristina Van Trease Receives RSU Award
What Happened
Kristina Van Trease, Chief Strategy Officer of McGrath Rentcorp (MGRC), received a grant of 2,265 restricted stock units (RSUs) on March 31, 2026. The Form 4 reports the acquisition at $0.00 per unit (transaction code A). The RSUs represent a future right to receive one share of common stock (or cash equal to the share fair market value) upon vesting.
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (filed timely).
- Grant size: 2,265 RSUs; reported acquisition price $0.00.
- Vesting: 33% on the first anniversary, 33% on the second, and 34% on the third anniversary of the grant (per plan).
- Plan: Award made under the 2016 Stock Incentive Plan.
- Holdings after grant: 4,971 shares outstanding and 2,265 unvested RSUs (per filing footnote).
- Transaction code: A = Award/Grant of RSUs.
Context
RSU grants are a form of compensation, not an open-market purchase or sale. They typically vest over time and convert into shares (or cash) when vesting conditions are met, so this grant does not reflect an immediate purchase or sale of stock by the insider.