MCGRATH RENTCORP grants RSUs to accounting chief
Whitney David M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Whitney David M reported acquisition or exercise transactions in this Form 4 filing.
MCGRATH RENTCORP granted Senior Vice President and Chief Accounting Officer David M. Whitney 2,265 restricted stock units as equity compensation. These RSUs vest 33% on each of the first and second anniversaries of the grant and 34% on the third anniversary. Following this award, Whitney’s reported position consists of 4,971 common shares and 2,265 unvested RSUs, each representing the right to receive one share or cash equal to the stock’s fair market value on the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,265 | $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 4,971 shares outstanding and 2,265 unvested RSUs.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
2016 Stock Incentive Plan financial
vesting date financial
fair market value financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MCGRATH RENTCORP (MGRC) disclose about David M. Whitney in this Form 4?
What are the vesting terms of David M. Whitney’s new MCGRATH RENTCORP (MGRC) RSU award?
Under which plan were David M. Whitney’s MCGRATH RENTCORP (MGRC) RSUs granted?
What does each MCGRATH RENTCORP (MGRC) restricted stock unit represent for David M. Whitney?
AI-generated analysis. How Rhea-AI works. Not financial advice.