0000752714-21-000027.txt : 20210304
0000752714-21-000027.hdr.sgml : 20210304
20210304214626
ACCESSION NUMBER: 0000752714-21-000027
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: Skenesky John P
CENTRAL INDEX KEY: 0001536129
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-13292
FILM NUMBER: 21716335
MAIL ADDRESS:
STREET 1: 5700 LAS 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
0001536129
Skenesky John P
5700 LAS POSITAS ROAD
LIVERMORE
CA
94551
0
1
0
0
VP & Division Manager
Common Stock
2021-03-01
4
M
0
2176
0
A
6686
D
Common Stock
2017-03-02
4
M
0
519
0
A
7205
D
Common Stock
2021-03-01
4
M
0
340
0
A
7545
D
Common Stock
2021-03-01
4
M
0
500
0
A
8045
D
Common Stock
2021-03-01
4
F
0
843
78.58
D
7202
D
Common Stock
2021-03-02
4
M
0
1080
0
A
8282
D
Common Stock
2021-03-02
4
F
0
263
76.9
D
8019
D
Restricted Stock Units
0
2021-03-01
4
M
0
340
0
D
2025-03-01
Common Stock
340
680
D
Restricted Stock Units
0
2021-03-01
4
M
0
2176
0
D
2025-03-01
Common Stock
2176
0
D
Restricted Stock Units
0
2021-03-01
4
M
0
500
0
D
2026-02-28
Common Stock
500
501
D
Restricted Stock Units
0
2021-03-01
4
M
0
519
0
D
2027-02-27
Common Stock
519
1041
D
Restricted Stock Units
0
2021-03-01
4
M
0
1080
0
D
2024-03-02
Common Stock
1080
1080
D
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.
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 128% of one share of McGrath RentCorp common stock.
David Whitney, POA for John Skenesky
2021-03-04