Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VAN TREASE KRISTINA

(Last)

(First)

(Middle)

C/O MCGRATH RENTCORP

5700 LAS POSITAS ROAD

(Street)

LIVERMORE

CA

94551

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MCGRATH RENTCORP [ MGRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Strategy Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/26/2024		M		514	A	$0	4,587	D
Common Stock	02/26/2024		M		523	A	$0	5,110	D
Common Stock	02/26/2024		M		1,540	A	$0	6,650	D
Common Stock	02/26/2024		M		509	A	$0	7,159	D
Common Stock	02/26/2024		F		1,652	D	$124.65	5,507	D
Common Stock	02/26/2024		M		2,240⁽⁴⁾	A	$0	6,060	I	Spouse's Holding
Common Stock	02/26/2024		M		374	A	$0	6,434	I	Spouse's Holding
Common Stock	02/26/2024		M		390	A	$0	6,824	I	Spouse's Holding
Common Stock	02/26/2024		M		353	A	$0	7,177	I	Spouse's Holding
Common Stock	02/26/2024		F		1,796	D	$124.65	5,381	I	Spouse's Holding

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$0	02/26/2024		M			514	⁽¹⁾⁽²⁾	02/25/2028	Common Stock	514	$0	0	D
Restricted Stock Unit	$0	02/26/2024		M			523	⁽¹⁾⁽²⁾	02/25/2029	Common Stock	523	$0	524	D
Restricted Stock Unit	$0	02/26/2024		M			1,540	⁽¹⁾⁽³⁾	02/24/2030	Common Stock	1,540	$0	0	D
Restricted Stock Unit	$0	02/26/2024		M			509	⁽¹⁾⁽²⁾	02/24/2030	Common Stock	509	$0	1,021	D
Restricted Stock Unit	$0	02/26/2024		M			1,120	⁽¹⁾⁽⁴⁾	02/25/2028	Common Stock	1,120	$0	0	I	Spouse's Holding
Restricted Stock Unit	$0	02/26/2024		M			374	⁽¹⁾⁽²⁾	02/25/2028	Common Stock	374	$0	0	I	Spouse's Holding
Restricted Stock Unit	$0	02/26/2024		M			390	⁽¹⁾⁽²⁾	02/25/2029	Common Stock	390	$0	391	I	Spouse's Holding
Restricted Stock Unit	$0	02/26/2024		M			353	⁽¹⁾⁽²⁾	02/24/2030	Common Stock	353	$0	707	I	Spouse's Holding

Explanation of Responses:

1. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 26, 2024 and therefore such date is determined to be the date exercisable.

2. The restricted stock unit shall vest 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 equity to the fair market value of the common stock underlying the unit on the vesting date.

3. The restricted stock units shall vest 100% on the first annual anniversary of the grant.

4. Subject to vesting and upon achievement of certain performance goals, each Vested RSU was converted into 200% of one share of McGrath RentCorp common stock.

	Keith Pratt, POA for Kristina Van Trease Whitney	02/28/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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