Malek Gilda 4

What Happened

• Gilda Malek, SVP and Chief Legal Officer of McGrath Rentcorp (MGRC), had 1,431 restricted stock units (RSUs) convert into common shares on 2026-03-31. Of those, 700 shares were withheld to cover tax liabilities (reported as a disposition under code F) at an implied value of $110.28 per share, totaling approximately $77,196. The conversion/vesting is reported under code M (exercise/conversion of a derivative).
• Net effect: 1,431 vested shares minus 700 withheld = net increase of 731 shares to Malek’s holdings from this vesting event. This was a vesting/tax-withholding event rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely).
• Reported prices: RSU conversion recorded at $0 (acquisition by vesting); tax-withholding disposition at $110.28 per share (700 shares, ~$77,196).
• Net change: +731 shares from the vesting event (1,431 vested − 700 withheld).
• Footnote: The restricted stock units vest 33% on the first anniversary, 33% on the second, and 34% on the third; each RSU converts to one share (or cash equal to fair market value) on vesting.
• Transaction codes: M = conversion/exercise of derivative (RSU vesting); F = payment of tax liability via share withholding.
• Filing/timeliness: No late-filing flag was provided in the supplied data.

Context

• This was a routine RSU vesting with shares withheld for taxes (a common practice); it is not an open-market sale or purchase that directly signals investment intent.
• For retail investors: vesting and tax-withholding transactions primarily reflect compensation events. Purchases (buys) typically carry more interpretive weight than routine vesting and withholding.