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McGrath RentCorp (MGRC) grants RSU awards to chief accounting officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

McGrath RentCorp senior vice president and chief accounting officer David M. Whitney reported receiving restricted stock unit (RSU) awards tied to the company’s common stock. He acquired 1,170 RSUs directly and 2,700 RSUs indirectly through his spouse’s holdings on February 27, 2026, at a stated price of $0.00 per unit, reflecting an equity grant rather than a market purchase.

The RSUs were granted under the 2016 Stock Incentive Plan and vest over three years, with 33% vesting on each of the first and second anniversaries of the grant date and 34% on the third. Each RSU entitles the holder to receive one share of common stock or an equivalent cash amount on the vesting date.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU grants to a senior officer with three-year vesting, neutral impact.

The transactions show David M. Whitney, McGrath RentCorp’s SVP and chief accounting officer, receiving time-vested restricted stock units under the 2016 Stock Incentive Plan. He acquired 1,170 RSUs directly and 2,700 RSUs via his spouse’s holdings, all at a stated price of $0.00 per unit.

The RSUs vest 33% on the first and second anniversaries of the February 27, 2026 grant and 34% on the third anniversary. This structure encourages continued service and aligns compensation with future company performance. As a standard non-cash equity award without sales or disposals, it represents a routine governance and compensation event rather than a thesis-changing development.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Whitney David M

(Last) (First) (Middle)
C/O MCGRATH RENTCORP
5700 LAS POSITAS ROAD

(Street)
LIVERMORE CA 94551

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MCGRATH RENTCORP [ MGRC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 02/27/2026 A 1,170(2) A $0 4,971(3) D
Common Stock(1) 02/27/2026 A 2,700(2) A $0 10,855(4) I Spouse's Holding
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs").
2. 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.
3. Represents 3,801 shares outstanding and 1,170 unvested RSUs.
4. Represents 8,155 shares outstanding and 2,700 unvested RSUs.
Gilda Malek, POA for David Whitney 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did McGrath RentCorp (MGRC) report for David M. Whitney?

McGrath RentCorp reported that David M. Whitney received restricted stock unit awards tied to common stock. He acquired 1,170 RSUs directly and 2,700 RSUs indirectly through his spouse’s holdings as equity compensation, not through open-market purchases or sales.

How many RSUs did the McGrath RentCorp SVP and his spouse receive in this Form 4?

The filing shows 1,170 restricted stock units granted directly to David M. Whitney and 2,700 RSUs held indirectly through his spouse. These RSUs represent additional equity-linked compensation that may convert into common stock or cash when they vest in future years.

What is the vesting schedule for the RSUs granted in McGrath RentCorp’s Form 4?

The RSUs vest over three years: 33% on the first anniversary of the grant date, 33% on the second anniversary, and 34% on the third. Upon vesting, each unit delivers one share of common stock or cash equal to the fair market value.

Were the McGrath RentCorp RSUs granted to David M. Whitney purchased on the open market?

No, the RSUs were granted as equity compensation under McGrath RentCorp’s 2016 Stock Incentive Plan at a stated price of $0.00 per unit. They are awards that vest over time, not shares acquired through open-market buying or selling.

How did the RSU awards affect David M. Whitney’s McGrath RentCorp share and unit totals?

After the awards, direct holdings comprised 3,801 common shares and 1,170 unvested RSUs, while indirect spouse holdings comprised 8,155 shares and 2,700 unvested RSUs. These figures combine existing shares with the newly granted restricted stock units.

Under which plan were the RSUs in McGrath RentCorp’s Form 4 granted?

The restricted stock units were granted under McGrath RentCorp’s 2016 Stock Incentive Plan. This plan provides equity-based awards like RSUs, which vest over time and can settle in either shares of common stock or cash based on the underlying stock’s fair market value.
Mcgrath Rentcorp

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Rental & Leasing Services
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