McGrath RentCorp (MGRC) director granted 1,300 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAWSON WILLIAM J reported acquisition or exercise transactions in this Form 4 filing.
McGrath RentCorp director William J. Dawson reported an equity award of 1,300 restricted stock units (RSUs). The RSUs were granted under the 2016 Stock Incentive Plan and vest 100% on April 1, 2027. Each RSU represents the right to receive one share of common stock or the cash value of a share on the vesting date. Following this award, Dawson’s holdings consist of 6,000 common shares and 1,300 unvested RSUs, totaling 7,300 reported equity interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAWSON WILLIAM J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,300 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,300 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs"). The RSUs were acquired under the 2016 Stock Incentive Plan. The restricted stock units vest 100% on April 1, 2027. 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 6,000 shares outstanding and 1,300 unvested RSUs.
FAQ
What did MGRC director William J. Dawson report on this Form 4?
William J. Dawson reported receiving 1,300 restricted stock units (RSUs). These RSUs are a form of equity compensation that may convert into common shares or cash based on McGrath RentCorp’s stock value at vesting, aligning director incentives with shareholder interests.
When do William J. Dawson’s new MGRC restricted stock units vest?
The 1,300 restricted stock units vest 100% on April 1, 2027. Once vested, each RSU entitles Dawson to receive one McGrath RentCorp common share or cash equal to the share’s fair market value on the vesting date, depending on plan terms.
How many McGrath RentCorp equity interests does William J. Dawson hold after this grant?
After the grant, Dawson holds 7,300 total reported equity interests. This total includes 6,000 shares of McGrath RentCorp common stock and 1,300 unvested restricted stock units, as disclosed in the Form 4 footnotes summarizing his post-transaction holdings.
What is the nature of the 1,300 MGRC restricted stock units granted to Dawson?
The 1,300 units are restricted stock units under the 2016 Stock Incentive Plan. Each RSU represents a right, after vesting, to receive either one McGrath RentCorp share or cash equal to the fair market value of a share on the vesting date.
Did William J. Dawson pay anything for the MGRC restricted stock units he received?
The reported transaction price per share is shown as $0.0000. This indicates the 1,300 restricted stock units were granted as compensation rather than purchased on the open market, consistent with a typical director equity award structure.
Is this MGRC Form 4 transaction a buy or a sale of common stock?
This Form 4 reflects an acquisition via grant, not a sale. The transaction code is “A” for a grant, award, or other acquisition of 1,300 restricted stock units, rather than an open-market purchase or sale of McGrath RentCorp common shares.