Form 4: McGrath RentCorp Director Kimberly Ann Box Reports Stock Transactions
SEC Form 4
Director Kimberly Ann Box reports the vesting of restricted stock units and subsequent disposal of shares on April 1, 2024.
Summary
- On April 1, 2024, Kimberly Ann Box, a director of McGrath RentCorp, had 1,200 restricted stock units vest.
- These units converted into 1,200 shares of common stock.
- Simultaneously, Ms. Box disposed of 1,200 shares.
- Following these transactions, Ms. Box directly owns 8,500 shares of McGrath RentCorp.
- The restricted stock units vested 100% on April 1, 2024, and each unit represents the right to receive one share of common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Restricted stock units vest 100%. |
| 04/01/2024 | Transaction date for acquisition and disposal of shares. |
| 04/03/2024 | Date of Form 4 signature. |
| 02/24/2030 | Expiration date of the restricted stock units. |
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