McGrath RentCorp (MGRC) strategy chief reports RSU vesting and tax-share dispositions
Rhea-AI Filing Summary
McGrath RentCorp Chief Strategy Officer Kristina Van Trease reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock. On February 23–24, 2026, she acquired common shares through exercises/conversions of RSUs, both directly and through her spouse’s holdings.
Several transactions used code M, indicating derivative exercises/conversions of RSUs into common stock at a stated price of $0.0000 per share. Other transactions used code F, where common shares were disposed of to satisfy tax withholding obligations at prices of $114.48 and $113.07 per share.
Footnotes explain that some RSUs vest over three years, some include a performance-based vesting component over a three-year performance period, and certain vested RSUs convert into 159.21% of one share of McGrath RentCorp common stock. RSUs were valued using the closing stock price on February 24, 2026 for conversion purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 511 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,530 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 354 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,060 | $0.00 | -- |
| Exercise | Common Stock | 511 | $0.00 | -- |
| Exercise | Common Stock | 2,436 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,582 | $114.48 | $181K |
| Exercise | Common Stock | 354 | $0.00 | -- |
| Exercise | Common Stock | 1,688 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,109 | $114.48 | $127K |
| Exercise | Restricted Stock Unit | 933 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 587 | $0.00 | -- |
| Exercise | Common Stock | 933 | $0.00 | -- |
| Tax Withholding | Common Stock | 837 | $113.07 | $95K |
| Exercise | Common Stock | 587 | $0.00 | -- |
| Tax Withholding | Common Stock | 532 | $113.07 | $60K |
Footnotes (1)
- The restricted stock unit shall vest 33% on the first annual anniversary of the grant; 33% on 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 common stock or an amount equal to the fair market value of the common stock underlying the unit on the vesting date. The RSUs are subject to a performance based vesting component at the end of a three-year performance period. The conversion price of the RSUs was based on the closing price of McGrath RentCorp common stock on February 24, 2026 and therefore such date is determined to be the date exercisable. Shares acquired upon vesting of performance based RSUs. Each vested RSU converts into 159.21% of one share of McGrath RentCorp common stock.
