MCGRATH RENTCORP (MGRC) strategy chief receives 2,265 RSU award via spouse holding
Rhea-AI Filing Summary
MCGRATH RENTCORP Chief Strategy Officer Kristina Van Trease reported an acquisition of 2,265 restricted stock units (RSUs) of common stock held as a spouse's holding. These RSUs were granted under the 2016 Stock Incentive Plan and vest 33% on each of the first two anniversaries of the grant and 34% on the third anniversary. After this award, indirect holdings consist of 4,971 shares of common stock and 2,265 unvested RSUs, totaling 7,236 units tied to company equity compensation.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant increases indirect equity stake via spouse’s holding.
The filing shows Chief Strategy Officer Kristina Van Trease received an equity-based compensation award of 2,265 restricted stock units under the 2016 Stock Incentive Plan. The award is recorded as an indirect holding classified as a spouse’s holding.
The RSUs vest over three years, with 33% on each of the first two anniversaries of the grant date and 34% on the third. This staggered vesting encourages continued service and aligns compensation with the company’s future performance.
Following the grant, the position visible in this report includes 4,971 shares of common stock and 2,265 unvested RSUs, for a total of 7,236 equity-linked units. As a compensation-related acquisition with no open-market buying or selling, it is a routine governance event rather than a directional trading signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,265 | $0.00 | -- |
Footnotes (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.