Executive equity moves at McGrath RentCorp (MGRC) show RSU and tax trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrath RentCorp senior executive David M. Whitney reported equity award activity involving both him and his spouse. On February 23 and 24, 2026, restricted stock units were exercised or converted into shares of common stock in multiple transactions, some held directly and others as spouse’s holdings.
Common shares were also withheld in several transactions coded “F” at prices of $113.07 and $114.48 per share to cover tax liabilities, which is a tax-withholding disposition rather than an open-market sale. Footnotes explain that the restricted stock units generally vest over three years, with 33%, 33%, and 34% vesting on successive anniversaries, and some RSUs include a performance-based vesting component over a three-year period.
For certain performance-based RSUs, each vested unit converts into 159.21% of one share of McGrath RentCorp common stock, increasing the number of shares delivered when performance targets are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,975 shares exercised/converted
Mixed
16 txns
Insider
Whitney David M
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 354 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,060 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 511 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,530 | $0.00 | -- |
| Exercise | Common Stock | 354 | $0.00 | -- |
| Exercise | Common Stock | 1,688 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,109 | $114.48 | $127K |
| Exercise | Common Stock | 511 | $0.00 | -- |
| Exercise | Common Stock | 2,436 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,582 | $114.48 | $181K |
| Exercise | Restricted Stock Unit | 587 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 933 | $0.00 | -- |
| Exercise | Common Stock | 587 | $0.00 | -- |
| Tax Withholding | Common Stock | 532 | $113.07 | $60K |
| Exercise | Common Stock | 933 | $0.00 | -- |
| Tax Withholding | Common Stock | 837 | $113.07 | $95K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Restricted Stock Unit — 0 shares (Indirect, Spouse's Holding);
Common Stock — 3,222 shares (Direct);
Common Stock — 7,301 shares (Indirect, Spouse's Holding)
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.
FAQ
What insider activity did McGrath RentCorp (MGRC) report for David M. Whitney?
David M. Whitney reported multiple equity award transactions involving restricted stock units and common stock. The activity includes exercises or conversions of RSUs into common shares and related tax-withholding dispositions, with some holdings reported as direct and others as spouse’s indirect holdings.
How do the McGrath RentCorp (MGRC) restricted stock units vest for David M. Whitney?
The restricted stock units generally vest over three years: 33% on the first anniversary of grant, another 33% on the second, and 34% on the third. Each vested unit entitles the holder to one share of common stock or its fair market value on the vesting date.
What is the performance-based component of MGRC’s restricted stock units?
Some RSUs are subject to performance-based vesting at the end of a three-year performance period. For these awards, each vested RSU converts into 159.21% of one share of McGrath RentCorp common stock, increasing the shares received if performance conditions are satisfied.
How are spouse holdings reported in this McGrath RentCorp (MGRC) Form 4?
Several transactions are designated as indirect with a nature of ownership listed as “Spouse's Holding.” These entries show that some restricted stock units and the resulting common stock are attributed to Whitney’s spouse, distinguishing them from his directly held shares.
What role does David M. Whitney hold at McGrath RentCorp (MGRC)?
David M. Whitney is identified as an officer of McGrath RentCorp, serving as Senior Vice President and Chief Accounting Officer. The reported equity award transactions reflect compensation-related activity associated with this executive position, including time-based and performance-based restricted stock units.