McGrath RentCorp COO granted 11,270 RSUs
McGrath RentCorp reported that Chief Operating Officer Philip B. Hawkins acquired 11,270 shares of common stock in the form of restricted stock units as a grant at a price of $0.00 per share.
Rhea-AI Filing Summary
McGrath RentCorp reported that Chief Operating Officer Philip B. Hawkins acquired 11,270 shares of common stock in the form of restricted stock units as a grant at a price of $0.00 per share. The RSUs were issued under the company’s 2016 Stock Incentive Plan.
The RSUs vest over three years, with 33% vesting on the first anniversary of the grant date, 33% on the second anniversary, and 34% on the third anniversary. After this award, Hawkins reports beneficial ownership of 17,806 shares, consisting of 6,536 shares outstanding and 11,270 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,270 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents restricted stock units ("RSUs").
- F2. The RSUs were acquired under the 2016 Stock Incentive Plan. The restricted stock unit shall vest 33% on the first annual anniversary of the grant; 33% of 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 stock or an amount equal to the fair market value of the common stock underlying the unit on the vesting date.
- F3. Represents 6,536 shares outstanding and 11,270 unvested RSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MGRC Chief Operating Officer Philip B. Hawkins report on this Form 4?
How many McGrath RentCorp RSUs did MGRC COO Philip Hawkins receive?
What is the vesting schedule for Philip Hawkins’ 11,270 MGRC restricted stock units?
Under which plan were the new MGRC RSUs for Philip Hawkins granted?
Does the MGRC COO pay anything for the 11,270 restricted stock units reported?
AI-generated analysis. How Rhea-AI works. Not financial advice.