Welcome to our dedicated page for Mcgrath Rentcorp SEC filings (Ticker: MGRC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
McGrath RentCorp filings document the regulatory record of a business-to-business rental company with modular space, portable storage and electronic test equipment operations. Form 8-K reports furnish quarterly and annual results, rental and sales revenue trends, segment commentary, dividend actions and management discussion attached to earnings releases.
Other filings cover governance and capital structure. The definitive proxy statement addresses board matters, executive compensation and pay-versus-performance disclosures, while material-event reports record executive succession, director and bylaw changes, compensatory arrangements and unsecured senior note financing with covenant and maturity terms.
McGrath RentCorp President and CEO Joseph F. Hanna reported equity compensation-related transactions involving restricted stock units (RSUs) and common stock. On February 23–24, 2026, he acquired multiple blocks of common shares through RSU conversions at a stated price of $0.00 per share.
On those same dates, he disposed of 7,920 and 15,939 shares of common stock in transactions coded as tax-withholding dispositions at prices of $113.07 and $114.48 per share. Following these transactions, he held 167,749 shares of McGrath RentCorp common stock directly.
Footnotes explain that RSUs generally vest 33% in each of the first two years and 34% in the third year, include a performance-based vesting component over a three-year performance period, and that certain vested performance-based RSUs convert into 159.21% of one share of common stock.
McGrath RentCorp executive John Lieffrig reported multiple equity compensation events involving restricted stock units (RSUs) and common stock. On February 23, 2026, RSUs for 800 shares were converted into 800 shares of common stock, with 421 shares disposed of in a tax-withholding transaction at $113.07 per share.
On February 24, 2026, additional RSUs were exercised or converted, including 417 and 1,250 RSUs, resulting in common stock acquisitions of 417 and 1,990 shares. To cover tax obligations, 706 shares were disposed of at $114.48 per share. After these transactions, Lieffrig held 24,521 shares of common stock directly.
Footnotes explain that the RSUs vest over three years, with a portion subject to performance-based vesting, and that each vested performance RSU converts into 159.21% of one share of McGrath RentCorp common stock.
MCGRATH RENTCORP Chief Operating Officer Philip B. Hawkins reported vesting and conversion of restricted stock units into common shares, along with share dispositions to cover taxes. On February 23–24, 2026, he acquired common stock through derivative exercises, including 1,333 and 3,136-share conversions, at a stated conversion price of $0.00 per share. Some of the resulting shares, including 702 and 1,038 shares at prices of $113.07 and $114.48, were withheld as tax-payment dispositions. Footnotes explain that the RSUs vest over three years, include a performance-based component, and that vested performance RSUs convert at 159.21% of one common share.
MCGRATH RENTCORP Executive VP and CFO Keith E. Pratt reported multiple equity award transactions. On February 23, 2026 and February 24, 2026, he exercised or converted several restricted stock unit (RSU) awards into common shares and had shares withheld to cover taxes.
RSU conversions on these dates delivered blocks of 1,201, 3,600 and 3,070 common shares at a stated price of $0.0000 per share, reflecting equity award settlement rather than an open-market purchase. Tax-withholding dispositions totaled 3,469 shares at $113.07 and 3,859 shares at $114.48 per share.
Following these transactions, Pratt’s directly held common stock position changed through both RSU-related acquisitions and tax-driven share dispositions, with reported direct ownership after the final transaction of 54,442 common shares. Footnotes explain that certain RSUs vest over three years and that some awards include performance-based vesting and a 159.21% conversion factor per vested unit.
McGrath RentCorp VP and Division Manager John P. Skenesky reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock. On February 23 and 24, 2026, several RSU awards were converted into shares of common stock at a conversion price based on the closing price on February 24, 2026.
On these dates, RSU exercises resulted in acquisitions of common stock, including 800 shares on February 23 and additional blocks such as 2,293 shares on February 24. Separate transactions coded "F" show dispositions of 355 and 677 shares of common stock to satisfy tax withholding obligations, not open-market sales.
Footnotes explain that time-based RSUs vest 33% after the first and second anniversaries of grant and 34% after the third, with each RSU delivering one share or its cash equivalent on vesting. Certain RSUs carry a performance-based component over a three-year period, where each vested RSU converts into 159.21% of one share of McGrath RentCorp common stock.
McGrath RentCorp senior vice president and chief legal officer Gilda Malek reported equity award activity involving restricted stock units and common stock. On February 23, 2026, 1,333 restricted stock units were exercised or converted, resulting in an equivalent acquisition of 1,333 shares of common stock at a stated price of $0.0000 per share.
On the same date, 1,217 shares of common stock were disposed of in a transaction coded as tax withholding at a price of $113.0700 per share to cover exercise or tax obligations. After these transactions, Malek directly held 4,184 shares of common stock and 1,334 restricted stock units.
MCGRATH RENTCORP SVP and Chief HR Officer Tara Wescott reported equity award activity. On February 23 and 24, 2026, she acquired multiple blocks of common stock through the vesting and conversion of restricted stock units and performance-based RSUs, then disposed of 1,482 and 521 shares, respectively, to cover tax withholding obligations. After these non‑open‑market transactions, she directly owned 7,356 shares of common stock.
McGrath RentCorp filed its annual report describing a diversified rental business in modular buildings, portable storage containers and electronic test equipment, plus four reportable segments including Mobile Modular and TRS-RenTelco.
The company highlights a resilient rental-based model with long-lived assets, strong cash generation and significant exposure to education markets. In 2024 it and WillScot Mobile Mini mutually terminated a planned merger, triggering a $180.0 million cash payment to McGrath and related transaction expenses of $63.2 million, for net proceeds of $116.8 million. As of June 30, 2025, non‑affiliate market value was $2.85 billion, and 24,611,657 shares were outstanding as of February 24, 2026.
McGrath RentCorp reported higher fourth quarter and full-year 2025 results and raised its dividend again. Fourth quarter 2025 total revenues were $256.8 million, up 5% from the prior year quarter, with net income of $49.8 million, or $2.02 per diluted share, compared with $38.9 million, or $1.58 per diluted share, a year earlier. Adjusted EBITDA for the quarter rose 14% to $104.9 million.
For the full year 2025, total revenues increased 4% to $944.2 million and Adjusted EBITDA increased 3% to $362.5 million. Net income was $156.3 million, or $6.35 per diluted share, versus $231.7 million, or $9.43 per diluted share, which previously included a large merger termination gain and related transaction costs. Excluding those items, full-year 2025 net income and diluted earnings per share each grew 7%.
The board declared a quarterly cash dividend of $0.495 per share for the quarter ending March 31, 2026, a 2% increase over the prior year period, marking 35 consecutive years of annual dividend increases. For 2026, McGrath expects total revenue of $945 million to $995 million, Adjusted EBITDA of $360 million to $378 million, and gross rental equipment capital expenditures of $180 million to $200 million.
McGrath RentCorp reported a planned leadership transition, with longtime President and Chief Executive Officer Joseph F. Hanna intending to retire as President and CEO effective April 3, 2026, while continuing to serve on the Board of Directors.
The company appointed Philip B. Hawkins, currently Executive Vice President and Chief Operating Officer, to become President, CEO and a director as of the same effective date. His compensation will include a $700,000 annual base salary, a target bonus equal to 100% of base salary, and an equity grant valued at $2,500,000 split evenly between restricted stock units and performance stock units.
To support the addition of Mr. Hawkins to the Board, McGrath RentCorp amended and restated its bylaws to increase the fixed number of directors from six to seven, effective April 3, 2026.