0000752714-21-000023.txt : 20210303
0000752714-21-000023.hdr.sgml : 20210303
20210303214732
ACCESSION NUMBER: 0000752714-21-000023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210303
DATE AS OF CHANGE: 20210303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HANNA JOSEPH F
CENTRAL INDEX KEY: 0001226137
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-13292
FILM NUMBER: 21712388
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
2021-03-01
0
0000752714
MCGRATH RENTCORP
MGRC
0001226137
HANNA JOSEPH F
5700 LAS POSITAS ROAD
LIVERMORE
CA
9551
1
1
0
0
President & CEO
Common Stock
2021-03-01
4
M
0
2002
0
A
67721
D
Common Stock
2021-03-01
4
M
0
2787
0
A
70508
D
Common Stock
2021-03-01
4
M
0
2959
0
A
73467
D
Common Stock
2021-03-01
4
M
0
20020
0
A
93487
D
Common Stock
2021-03-01
4
F
0
13214
78.58
D
80273
D
Common Stock
2021-03-02
4
M
0
4040
0
A
84313
D
Common Stock
2021-03-02
4
F
0
1923
76.9
D
82390
D
Restricted Stock Units
0
2021-03-01
4
M
0
20020
0
D
2025-03-01
Common Stock
20020
0
D
Restricted Stock Units
0
2021-03-01
4
M
0
2002
0
D
2025-03-01
Common Stock
2002
4004
D
Restricted Stock Units
0
2021-03-01
4
M
0
2787
0
D
2026-02-28
Common Stock
2787
2787
D
Restricted Stock Units
0
2021-03-01
4
M
0
2959
0
D
2027-02-27
Common Stock
2959
5921
D
Restricted Stock Units
0
2021-03-01
4
M
0
4040
0
D
2024-03-02
Common Stock
4040
4040
D
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 vests 20% on each anniversary of the grant date until fully vested. Each 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 Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.
The restricted stock unit shall vest as follows: 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 March 1, 2021 and therefore such date is determined to be the date exercisable.
The RSUs vest 60% at the end of the three-year performance period if the performance goal is satisfied; then 20% vests each anniversary thereafter. Each 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 Company may, in its sole discretion, make cash payment in lieu of the issuance of Common Stock.
Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 200% of one share of McGrath RentCorp common stock.
David Whitney, POA for Joseph Hanna
2021-03-03