0000752714-23-000001.txt : 20230203 0000752714-23-000001.hdr.sgml : 20230203 20230203175945 ACCESSION NUMBER: 0000752714-23-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230201 FILED AS OF DATE: 20230203 DATE AS OF CHANGE: 20230203 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Porter Stuart Templeton CENTRAL INDEX KEY: 0001909407 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-13292 FILM NUMBER: 23587688 MAIL ADDRESS: STREET 1: C/O MCGRATH RENTCORP STREET 2: 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 2023-02-01 0 0000752714 MCGRATH RENTCORP MGRC 0001909407 Porter Stuart Templeton C/O MCGRATH RENTCORP 5700 LAS POSITAS ROAD LIVERMORE CA 94551 0 1 0 0 VP and Division Manager Common Stock 2023-02-01 4 M 0 200 0 A 1382 D Common Stock 2023-02-01 4 M 0 256 0 A 1638 D Common Stock 2023-02-01 4 M 0 213 0 A 1851 D Common Stock 2023-02-01 4 M 0 710 0 A 2561 D Common Stock 2023-02-01 4 M 0 237 0 A 2798 D Common Stock 2023-02-01 4 F 0 472 98.42 D 2326 D Restricted Stock Unit 0 2023-02-01 4 M 0 200 0 D 2025-03-01 Common Stock 200 0 D Restricted Stock Unit 0 2023-02-01 4 M 0 256 0 D 2029-02-25 Common Stock 256 514 D Restricted Stock Unit 0 2023-02-01 4 J 0 514 0 D 2029-02-25 Common Stock 514 0 D Restricted Stock Unit 0 2023-02-01 4 M 0 213 0 D 2028-02-25 Common Stock 213 214 D Restricted Stock Unit 0 2023-02-01 4 J 0 214 0 D 2028-02-25 Common Stock 214 0 D Restricted Stock Unit 0 2023-02-01 4 M 0 710 0 D 2027-02-27 Common Stock 710 0 D Restricted Stock Unit 0 2023-02-01 4 M 0 237 0 D 2027-02-27 Common Stock 237 0 D Restricted Stock Unit 0 2023-02-01 4 J 0 640 0 D 2028-02-25 Common Stock 640 0 D Restricted Stock Unit 0 2023-02-01 4 J 0 770 0 D 2029-02-25 Common Stock 770 0 D In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in March 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date. In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023 (the Adler Transaction), the tranche of restricted stock unit subject to this grant which would have vested in February 2023 was accelerated and deemed vested as of the closing date of the Adler Transaction. Each restricted stock unit represents a right to receive one share of McGrath RentCorp common stock or an amount equal to the fair market value of the McGrath RentCorp common stock underlying the unit on the vesting date. Forfeiture of service based RSUs awarded on 2/25/2022. The unvested balance of the service based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023. Forfeiture of service based RSUs awarded on 2/25/2021. In connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023, 100% of this performance based restricted stock unit was accelerated and deemed achieved at target for years 2020, 2021 and 2022. Each performance based RSU converts into one share of McGrath RentCorp common stock. Forfeiture of performance based RSUs awarded on 2/25/2021. The unvested balance of the performance based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023. Forfeiture of performance based RSUs awarded on 2/25/2022. The unvested balance of the performance based RSUs awarded on 2/25/2022 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023. The unvested balance of the service based RSUs awarded on 2/25/2021 is forfeited in connection with the sale of the Adler business, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2023. Tara Wescott, POA for Stuart Porter 2023-02-03