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