Form 4 for MGRC MCGRATH RENTCORP
Accepted 2023-03-01 00:00:00 ET · period of report 2023-02-27 · accession 0000752714-23-000022 · 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 | 2023-03-01 | 2023-02-27 | MGRC | PRATT KEITH E | CFO, Executive VP | M - OptEx | $0.00 | +3,160 | 47.5K | +7% | $0 |
| D | 2023-03-01 | 2023-02-27 | MGRC | PRATT KEITH E | CFO, Executive VP | F - Tax | $101.99 | -3,115 | 46.5K | -6% | -$317.7K |
| D | 2023-03-01 | 2023-02-27 | MGRC | PRATT KEITH E | CFO, Executive VP | A - Grant | $0.00 | +3,120 | 46.5K | +7% | $0 |
| DM | 2023-03-01 | 2023-02-27 | MGRC | PRATT KEITH E | CFO, Executive VP | M - OptEx | $0.00 | -3,160 | 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 | 2023-02-27 | M | A | 1,076 | $0.00 | 49,610 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-27 | M | A | 1,017 | $0.00 | 48,534 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-27 | M | A | 1,067 | $0.00 | 47,517 | D | — | — | |
| 4 | Common | Common Stock | 2023-02-27 | F | D | 3,115 | $101.99 | 46,495 | D | — | — | |
| 5 | Common | Common Stock | 2023-02-27 | A | A | 3,120 | $0.00 | 46,450 | D | — | — | (F3) Upon achievement of certain performance goals, each vested PSU converted into 97.5% of one share of McGrath RentCorp common stock. |
| 6 | Derivative | Restricted Stock Unit | 2023-02-27 | M | D | 1,076 | $0.00 | 2,154 | D | $0.00 · — to 2029-02-25 | 1,076 Common Stock | (F2) The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 27, 2023 and therefore such date is determined to be the date exercisable. (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. |
| 7 | Derivative | Restricted Stock Unit | 2023-02-27 | M | D | 1,017 | $0.00 | 1,017 | D | $0.00 · — to 2028-02-25 | 1,017 Common Stock | (F2) The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 27, 2023 and therefore such date is determined to be the date exercisable. (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. |
| 8 | Derivative | Restricted Stock Unit | 2023-02-27 | M | D | 1,067 | $0.00 | 0 | D | $0.00 · 2021-02-27 to 2027-02-27 | 1,067 Common Stock | (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. |