Form 4 for MGRC MCGRATH RENTCORP
Accepted 2022-03-02 00:00:00 ET · period of report 2022-02-28 · accession 0000752714-22-000018 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-02 | 2022-02-28 | MGRC | Skenesky John P | VP, Division Manager | M - OptEx | $0.00 | +2,761 | 10.1K | +38% | $0 |
| D | 2022-03-02 | 2022-02-28 | MGRC | Skenesky John P | VP, Division Manager | F - Tax | $81.28 | -711 | 10.4K | -6% | -$57.8K |
| DM | 2022-03-02 | 2022-02-28 | MGRC | Skenesky John P | VP, Division Manager | M - OptEx | $0.00 | -2,761 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-28 | M | A | 520 | $0.00 | 11,140 | D | — | — | |
| 2 | Common | Common Stock | 2022-02-28 | M | A | 501 | $0.00 | 10,620 | D | — | — | |
| 3 | Common | Common Stock | 2022-02-28 | M | A | 1,740 | $0.00 | 10,119 | D | — | — | (F3) Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 116% of one share of McGrath RentCorp common stock. |
| 4 | Common | Common Stock | 2022-02-28 | F | D | 711 | $81.28 | 10,429 | D | — | — | |
| 5 | Derivative | Restricted Stock Unit | 2022-02-28 | M | D | 1,740 | $0.00 | 0 | D | $0.00 · — to 2026-02-28 | 1,740 Common Stock | (F1) Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 50% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 100% at the end of the three-year performance period if the performance goal is satisfied. |
| 6 | Derivative | Restricted Stock Unit | 2022-02-28 | M | D | 520 | $0.00 | 521 | D | $0.00 · — to 2027-02-27 | 520 Common Stock | (F2) 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. (F4) The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 28, 2022 and therefore such date is determined to be the date exercisable. |
| 7 | Derivative | Restricted Stock Unit | 2022-02-28 | M | D | 501 | $0.00 | 0 | D | $0.00 · — to 2026-02-28 | 501 Common Stock | (F2) 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. |