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