0001909407-22-000001.txt : 20220209 0001909407-22-000001.hdr.sgml : 20220209 20220209201634 ACCESSION NUMBER: 0001909407-22-000001 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220131 FILED AS OF DATE: 20220209 DATE AS OF CHANGE: 20220209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Porter Stuart Templeton CENTRAL INDEX KEY: 0001909407 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-13292 FILM NUMBER: 22609121 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 3 1 primary_doc.xml PRIMARY DOCUMENT X0206 3 2022-01-31 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 & Division Manager Stock Appreciation Right 34.57 2018-03-02 2024-03-02 Common Stock 1760 D Performance Stock Unit 0 2020-03-02 2024-03-02 Common Stock 640 D Restricted Stock Unit 0 2019-03-01 2025-03-01 Common Stock 400 D Restricted Stock Unit 0 2020-02-28 2026-02-28 Common Stock 281 D Performance Stock Unit 0 2026-02-28 Common Stock 840 D Restricted Stock Unit 0 2021-02-27 2027-02-27 Common Stock 474 D Performance Stock Unit 0 2027-02-27 Common Stock 710 D Restricted Stock Unit 0 2022-02-25 2028-02-25 Common Stock 640 D Performance Stock Unit 0 2028-02-25 Common Stock 640 D 20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter. 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. 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 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. 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. Tara Wescott, POA for Stuart Porter 2022-02-09 EX-99 2 mgrcstuartporterpoa.txt MGRC STUART PORTER POWER OF ATTORNEY POWER OF ATTORNEY Known all by these present, that the undersigned hereby constitutes and appoints Tara Wescott or Melodie Craft the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer of MCGRATH RENTCORP (the "Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended, and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5, including any electronic filing thereof, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney- in-fact's discretion. The undersigned hereby grants to each such attorney- in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended, and the rules thereunder. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of __February 8, 2021. Signature __/s/ Stuart Porter____________________ Print Name Stuart Porter ___/s/ _Amy Bunker Porter_______________ Witness: Amy Bunker Porter