McGrath RentCorp (MGRC) grants VP John Skenesky 1,400 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrath RentCorp reported that VP and Division Manager John P. Skenesky acquired 1,400 shares of common stock through a grant of restricted stock units (RSUs) on February 27, 2026. These RSUs vest 33% on the first and second anniversaries of the grant and 34% on the third anniversary.
Each RSU converts into one share of common stock or cash equal to the share’s fair market value on the vesting date. After this award, Skenesky holds 12,634 units and shares in total, consisting of 11,234 shares outstanding and 1,400 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Skenesky John P
Role
VP and Division Manager
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,400 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,634 shares (Direct)
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 11,234 shares outstanding and 1,400 unvested RSUs.
FAQ
What insider transaction did McGrath RentCorp (MGRC) report for John P. Skenesky?
McGrath RentCorp reported that VP and Division Manager John P. Skenesky received 1,400 restricted stock units (RSUs) on February 27, 2026. The award was granted at no purchase price as part of equity compensation, not an open-market stock purchase or sale.
What are the vesting terms of the 1,400 RSUs granted to John P. Skenesky at McGrath RentCorp (MGRC)?
The 1,400 RSUs vest over three years: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary of the grant date. This structure gradually delivers stock-based compensation over a multi‑year period.
Under which plan were the RSUs to John P. Skenesky at McGrath RentCorp (MGRC) granted?
The RSUs were granted under McGrath RentCorp’s 2016 Stock Incentive Plan. This plan provides equity-based awards, and each restricted stock unit represents a right to receive either one share of common stock or cash equal to its fair market value upon vesting.