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Executive at MCGRATH RENTCORP (MGRC) receives 2,265 restricted stock units in equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Whitney David M
Role SVP, Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Common Stock 2,265 $0.00 --
Holdings After Transaction: Common Stock — 7,236 shares (Direct)
Footnotes (1)
  1. Represents restricted stock units ("RSUs"). 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. Represents 4,971 shares outstanding and 2,265 unvested RSUs.
RSU grant size 2,265 units Restricted stock units awarded on March 31, 2026
Shares held after grant 4,971 shares Common stock position following reported transaction
Total equity-linked interests 7,236 shares/units 4,971 shares plus 2,265 unvested RSUs after grant
Grant price $0.00 per share Compensation grant, no purchase price paid
Vesting schedule 33% / 33% / 34% Annual vesting over three anniversaries of grant
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2016 Stock Incentive Plan financial
"The RSUs were acquired under the 2016 Stock Incentive Plan."
vesting date financial
"underlying the unit on the vesting date."
fair market value financial
"amount equal to the fair market value of the common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Whitney David M
(Last)(First)(Middle)
C/O MCGRATH RENTCORP
5700 LAS POSITAS ROAD
(Street)
LIVERMORE CALIFORNIA 94551
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MCGRATH RENTCORP [ MGRC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock(1)03/31/2026A2,265(2)A$07,236(3)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs").
2. 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.
3. Represents 4,971 shares outstanding and 2,265 unvested RSUs.
Gilda Malek, POA for David Whitney04/02/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did MCGRATH RENTCORP (MGRC) disclose about David M. Whitney in this Form 4?

MCGRATH RENTCORP disclosed that SVP and Chief Accounting Officer David M. Whitney received 2,265 restricted stock units as an equity award. These units are part of his compensation package and will vest over three years, subject to continued service and plan terms.

How many MCGRATH RENTCORP (MGRC) shares and RSUs does David M. Whitney now hold?

After the reported grant, David M. Whitney holds 4,971 shares of MCGRATH RENTCORP common stock and 2,265 unvested restricted stock units. Together, this represents 7,236 reported equity-linked interests in the company, combining currently owned shares with future-vesting RSUs.

What are the vesting terms of David M. Whitney’s new MCGRATH RENTCORP (MGRC) RSU award?

The 2,265 restricted stock units vest over three years: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary. Vesting is tied to the grant date and occurs in these specified annual installments.

Under which plan were David M. Whitney’s MCGRATH RENTCORP (MGRC) RSUs granted?

The restricted stock units were granted under MCGRATH RENTCORP’s 2016 Stock Incentive Plan. This plan authorizes equity-based awards to employees and executives, aligning their compensation with shareholder interests through stock-linked incentives rather than only cash pay.

What does each MCGRATH RENTCORP (MGRC) restricted stock unit represent for David M. Whitney?

Each restricted stock unit represents the right to receive one share of MCGRATH RENTCORP common stock or a cash amount equal to the stock’s fair market value on the vesting date. Delivery occurs as the units vest according to the award’s schedule.