Skenesky John P 4

What Happened John P. Skenesky, Vice President and Division Manager at McGrath Rentcorp (MGRC), received a grant of 1,400 restricted stock units (RSUs) on February 27, 2026. The award was granted at a $0 acquisition price (typical for RSU grants) and represents a right to receive one share (or cash equal to the share’s fair market value) for each RSU upon vesting. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-27; Form 4 filed 2026-03-03 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,400 RSUs; acquisition price reported as $0.00 (RSU grant).
• Vesting: Under the 2016 Stock Incentive Plan — 33% on the 1st anniversary, 33% on the 2nd, and 34% on the 3rd anniversary. (Each RSU converts to one share or cash equal to FMV at vesting.)
• Shares owned after transaction: 11,234 shares and 1,400 unvested RSUs (per filing footnote).
• No indication of a sale, exercise, tax withholding, or 10b5-1 plan in this filing.

Context RSU grants are a common form of executive compensation and vest over time; they do not represent immediately tradable shares until they vest and are settled. Because this is an award (not a purchase or sale), it’s primarily a compensation event and shouldn’t be read as a direct buy/sell signal.