McGrath RentCorp (MGRC) grants RSU awards to chief accounting officer
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
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,170 | $0.00 | -- |
| Grant/Award | Common Stock | 2,700 | $0.00 | -- |
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 3,801 shares outstanding and 1,170 unvested RSUs. Represents 8,155 shares outstanding and 2,700 unvested RSUs.