MGRC.NASDAQMcgrath Rentcorp
Form 4: McGrath Rentcorp Director William Dawson Reports Stock Transactions
Sentiment:
SEC Form 4
Director William Dawson reports the vesting and disposal of 1,200 restricted stock units of McGrath Rentcorp on April 1, 2024.
Summary
- On April 1, 2024, William Dawson, a director of McGrath Rentcorp, reported the vesting of 1,200 restricted stock units.
- These units converted into 1,200 shares of common stock.
- Simultaneously, Mr. Dawson disposed of 1,200 shares of common stock.
- Following these transactions, Mr. Dawson still beneficially owns 24,000 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 or its equivalent fair market value on the vesting date.
Sentiment
Score: 5
Explanation: This is a routine transaction report, and there is nothing inherently positive or negative about it. It reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: vesting of restricted stock units and disposal of common stock. |
| 04/01/2024 | Restricted stock units vest 100%. |
| 02/24/2030 | Expiration date of the restricted stock units. |
| 04/03/2024 | Date of report submission. |
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