0000752714-22-000026.txt : 20220302 0000752714-22-000026.hdr.sgml : 20220302 20220302201531 ACCESSION NUMBER: 0000752714-22-000026 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220302 DATE AS OF CHANGE: 20220302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Whitney David M CENTRAL INDEX KEY: 0001357113 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-13292 FILM NUMBER: 22706253 MAIL ADDRESS: STREET 1: 5700 LOS POSITAS ROAD CITY: LIVERMORE STATE: CA ZIP: 94551 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MCGRATH RENTCORP CENTRAL INDEX KEY: 0000752714 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 942579843 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5700 LAS POSITAS RD CITY: LIVERMORE STATE: CA ZIP: 94551 BUSINESS PHONE: 925-606-9200 MAIL ADDRESS: STREET 1: 5700 LAS POSITAS RD CITY: LIVERMORE STATE: CA ZIP: 94551 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2022-02-28 0 0000752714 MCGRATH RENTCORP MGRC 0001357113 Whitney David M 5700 LAS POSITAS ROAD LIVERMORE CA 94551 0 1 0 0 VP, Controller, PAO Common Stock 2022-02-28 4 M 0 1825 0 A 5801 D Common Stock 2022-02-28 4 M 0 417 0 A 6218 D Common Stock 2022-02-28 4 M 0 357 0 A 6575 D Common Stock 2022-02-28 4 F 0 1388 81.28 D 5187 D Common Stock 2022-02-28 4 M 0 557 0 A 4882 I Spouse's Holding Common Stock 2022-02-28 4 M 0 520 0 A 5402 I Spouse's Holding Common Stock 2022-02-28 4 F 0 547 81.28 D 4855 I Spouse's Holding Restricted Stock Unit 0 2022-02-28 4 M 0 1825 0 D 2026-02-28 Common Stock 1825 0 D Restricted Stock Unit 0 2022-02-28 4 M 0 417 0 D 2026-02-28 Common Stock 417 0 D Restricted Stock Unit 0 2022-02-28 4 M 0 357 0 D 2027-02-27 Common Stock 357 357 D Restricted Stock Unit 0 2022-02-28 4 J 0 1670 0 D 2022-02-28 Common Stock 1670 0 I Spouse's Holding Restricted Stock Unit 0 2022-02-28 4 M 0 557 0 D 2026-02-28 Common Stock 557 0 I Spouse's Holding Restricted Stock Unit 0 2022-02-28 4 M 0 520 0 D 2027-02-27 Common Stock 520 521 I Spouse's Holding 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. 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. 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. Forfeiture of performance based RSUs awarded on 2/28/2019. Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 146% of one share of McGrath RentCorp common stock. The RSUs are subject to a performance based vesting component at the end of a three-year period. Keith Pratt, POA for David Whitney 2022-03-02