0000752714-21-000024.txt : 20210304 0000752714-21-000024.hdr.sgml : 20210304 20210304210141 ACCESSION NUMBER: 0000752714-21-000024 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210301 FILED AS OF DATE: 20210304 DATE AS OF CHANGE: 20210304 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: 21716209 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 2021-03-01 0 0000752714 MCGRATH RENTCORP MGRC 0001357113 Whitney David M 5700 LOS POSITAS ROAD LIVERMORE CA 94551 0 1 0 0 VP, Controller, PAO Common Stock 2021-03-01 4 M 0 200 0 A 2295 D Common Stock 2021-03-01 4 M 0 2000 0 A 4295 D Common Stock 2021-03-01 4 M 0 519 0 A 3305 I Spouse's Holding Common Stock 2021-03-01 4 M 0 417 0 A 4712 D Common Stock 2021-03-01 4 M 0 356 0 A 5068 D Common Stock 2021-03-01 4 M 0 380 0 A 3685 I Spouse's Holding Common Stock 2021-03-01 4 M 0 557 0 A 4242 I Spouse's Holding Common Stock 2021-03-01 4 F 0 749 78.58 D 3493 I Spouse's Holding Common Stock 2021-03-01 4 F 0 1518 78.58 D 3550 D Common Stock 2021-03-02 4 M 0 1200 0 A 4693 I Spouse's Holding Common Stock 2021-03-02 4 M 0 560 0 A 4110 D Common Stock 2021-03-02 4 F 0 290 76.9 D 3820 D Common Stock 2021-03-02 4 F 0 620 76.9 D 4073 I Spouse's Holding Restricted Stock Units 0 2021-03-01 4 M 0 200 0 D 2025-03-01 Common Stock 200 400 D Restricted Stock Units 0 2021-03-01 4 M 0 2000 0 D 2025-03-01 Common Stock 2000 0 D Restricted Stock Units 0 2021-03-01 4 J 0 1900 0 D 2025-03-01 Common Stock 1900 0 I Spouse's Holding Restricted Stock Units 0 2021-03-01 4 M 0 380 0 D 2025-03-01 Common Stock 380 760 I Spouse's Holding Restricted Stock Units 0 2021-03-01 4 M 0 557 0 D 2026-02-28 Common Stock 557 557 I Spouse's Holding Restricted Stock Units 0 2021-03-01 4 M 0 417 0 A 2026-02-28 Common Stock 417 417 D Restricted Stock Units 0 2021-03-01 4 M 0 356 0 D 2027-02-27 Common Stock 356 714 D Restricted Stock Units 0 2021-03-01 4 M 0 519 0 D 2027-02-27 Common Stock 519 1041 I Spouse's Holding Restricted Stock Units 0 2017-03-02 4 M 0 560 0 D 2024-03-02 Common Stock 560 560 D Restricted Stock Units 0 2017-03-02 4 M 0 1200 0 D 2024-03-02 Common Stock 1200 1200 I Spouse's Holding 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. 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. Forfeiture of performance based RSUs awarded on 3/1/2018. The RSUs are subject to a performance based vesting component at the end of a three-year performance period. 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. Keith Pratt, POA for David Whitney 2021-03-04