McGrath RentCorp (MGRC) HR chief granted 1,800 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wescott Tara reported acquisition or exercise transactions in this Form 4 filing.
McGrath RentCorp senior vice president and chief HR officer Tara Wescott reported an equity award of 1,800 restricted stock units on common stock. The RSUs carry no purchase price and were granted under the 2016 Stock Incentive Plan, vesting 33%, 33%, and 34% over three annual anniversaries. After this award, she reports 9,156 shares in total, including 7,356 shares and 1,800 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wescott Tara
Role
SVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,800 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,156 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 he 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 7,356 shares outstanding and 1,800 unvested RSUs.
FAQ
What insider transaction did MGRC executive Tara Wescott report?
Tara Wescott reported receiving 1,800 restricted stock units in McGrath RentCorp common stock. The units were granted with a zero-dollar price per share as part of equity compensation, rather than through an open-market stock purchase or sale.
How do Tara Wescott’s new MGRC RSUs vest over time?
The 1,800 McGrath RentCorp RSUs vest in three annual installments: 33% on the first anniversary, 33% on the second, and 34% on the third. This structure encourages longer-term retention and aligns the executive’s incentives with future company performance.
Under which plan were Tara Wescott’s MGRC restricted stock units granted?
The restricted stock units were granted under McGrath RentCorp’s 2016 Stock Incentive Plan. Each RSU converts into one share of common stock or cash equal to the stock’s fair market value on the applicable vesting date, according to the filing footnotes.
Did Tara Wescott buy or sell MGRC stock in the market in this Form 4?
No open-market buy or sell is reported; the transaction is a grant of 1,800 restricted stock units. The Form 4 uses transaction code “A,” indicating a grant, award, or other acquisition of equity as compensation rather than a discretionary stock trade.