MGRC (MGRC) CEO awarded 1,300 restricted stock units vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HANNA JOSEPH F reported acquisition or exercise transactions in this Form 4 filing.
MCGRATH RENTCORP President and CEO Joseph F. Hanna received an award of 1,300 restricted stock units as consideration for his continuing role as a non-employee director under the 2016 Stock Incentive Plan. These RSUs vest 100% on April 1, 2027. After this grant, he holds 167,049 shares of common stock and 1,300 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HANNA JOSEPH F
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,300 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 169,049 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs"). The RSUs were granted as consideration for Mr. Hanna's continuing role as a non-employee director of the Company in lieu of any executive officer award he would otherwise receive in 2026. The RSUs were acquired under the 2016 Stock Incentive Plan. The restricted stock unit 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 167,049 shares outstanding and 1,300 unvested RSUs.
FAQ
What did MGRC President and CEO Joseph F. Hanna report on this Form 4?
Joseph F. Hanna reported receiving 1,300 restricted stock units. The award was granted as consideration for his continuing role as a non-employee director under the 2016 Stock Incentive Plan and represents additional equity-based compensation tied to future vesting.
How many restricted stock units did MGRC grant to Joseph F. Hanna?
MCGRATH RENTCORP granted Joseph F. Hanna 1,300 restricted stock units. These units were issued in lieu of an executive officer award he would otherwise receive in 2026 and are structured as an equity incentive under the company’s 2016 Stock Incentive Plan.
When do Joseph F. Hanna’s new MGRC restricted stock units vest?
The 1,300 restricted stock units granted to Joseph F. Hanna vest 100% on April 1, 2027. Vesting means he will then be entitled to receive shares or cash equal to the fair market value of the underlying common stock on that vesting date.
What does each MGRC restricted stock unit granted to Joseph F. Hanna represent?
Each restricted stock unit represents a right to receive one share of MCGRATH RENTCORP common stock or an amount equal to the fair market value of that share on the vesting date, providing equity-based compensation linked directly to the company’s stock performance.
Under which plan were Joseph F. Hanna’s MGRC restricted stock units granted?
The restricted stock units granted to Joseph F. Hanna were issued under MCGRATH RENTCORP’s 2016 Stock Incentive Plan. This plan provides equity-based awards such as RSUs to align management and director compensation with long-term shareholder interests and company performance.