McGrath RentCorp (NASDAQ: MGRC) director granted 1,300 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrath RentCorp director Nicolas C. Anderson received an equity award of 1,300 restricted stock units (RSUs) of common stock. The award was granted on February 27, 2026 under the company’s 2016 Stock Incentive Plan at no cash cost per unit.
The RSUs vest 100% on April 1, 2027, at which time each unit will convert into either one share of common stock or cash equal to the fair market value of a share on the vesting date. After this grant, Anderson’s holdings total 4,800 shares, consisting of 3,500 shares of common stock and 1,300 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Anderson Nicolas C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,300 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,800 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs"). The RSUs were acquired under the 2016 Stock Incentive Plan. The restricted stock units vest 100% on April 1, 2027. 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 3,500 shares outstanding and 1,300 unvested RSUs.
FAQ
What insider transaction did McGrath RentCorp (MGRC) report for Nicolas C. Anderson?
McGrath RentCorp reported that director Nicolas C. Anderson received 1,300 restricted stock units of common stock. The grant was made on February 27, 2026 as an equity award under the 2016 Stock Incentive Plan, with no cash price per unit disclosed in the filing.
How do the 1,300 RSUs granted to McGrath RentCorp director Anderson vest?
The 1,300 RSUs granted to director Nicolas C. Anderson vest 100% on April 1, 2027. On the vesting date, each restricted stock unit converts into either one share of common stock or cash equal to the fair market value of a share, as specified in the plan.
Under which plan were the new McGrath RentCorp (MGRC) RSUs granted to Nicolas C. Anderson?
The RSUs granted to Nicolas C. Anderson were issued under McGrath RentCorp’s 2016 Stock Incentive Plan. This plan allows the company to grant restricted stock units that convert into common stock or cash based on the fair market value at the time of vesting.
What are Nicolas C. Anderson’s McGrath RentCorp holdings after the latest Form 4 filing?
After the latest grant, Nicolas C. Anderson holds a total of 4,800 McGrath RentCorp interests. This consists of 3,500 shares of common stock already outstanding and 1,300 unvested restricted stock units that are scheduled to vest on April 1, 2027.
Does the McGrath RentCorp RSU grant to Nicolas C. Anderson involve any immediate cash payment?
The RSU grant to Nicolas C. Anderson does not involve an immediate cash payment, as the transaction price per unit is reported as 0.0000. Value is realized at vesting when each unit delivers a share or cash equal to the share’s fair market value.
What does each McGrath RentCorp (MGRC) RSU granted to Nicolas C. Anderson represent?
Each RSU granted to Nicolas C. Anderson represents a right to receive either one share of McGrath RentCorp common stock or an equivalent cash amount. The cash alternative is based on the fair market value of the underlying common stock on the April 1, 2027 vesting date.