Company: MGRC
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056711
Chunk: 48

Company: MCGRATH RENTCORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 48
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 goals, consisting of supporting the Company's growth strategy, land optimization, and support efforts that optimize the Company’s core performance. At year-end, the Compensation Committee evaluated the 2024 accomplishments of the NEOs and approved a one-time discretionary bonus for each NEO to acknowledge his/her overall achievements in 2024. The NEOs led the company through strong business results throughout 2024 while managing through a pending acquisition that was approved by the shareholders and subsequently terminated. The Annual Bonus amounts under the Cash Bonus Plan paid to each of the named executive officers are also listed in column (g), and the one-time discretionary bonus is listed in column (d) in the “Summary Compensation Table” in this Proxy Statement. Long-Term Incentive Compensation

| 2024 Long-Term Equity Incentives                                                                                                                                                                                                                                                                             |
| •The Company’s long-term incentive program encourages a long-term focus through the use of equity compensation, the value of which is dependent on the performance of our common stock.                                                                                                                      
 •Each Company executive is granted a target value of long-term equity incentives. The number of shares underlying the grants to each NEO is equal to the target value divided by the closing share price of our common stock on the date of grant ($124.90 on February 23, 2024).                            
 •In 2024, in connection with the proposed acquisition by WillScot, each NEO was awarded long-term incentive compensation awards 100% in the form of time-based restricted stock units (“RSUs”), as opposed to the Company's historic practice of granting awards 50% in the form of performance based RSUs . |

2024 Long-Term Incentive Compensation Equity Grants

| Name                |     | Target LTI $ |           |     | Performance-Vested RSUs(1) 
 %                          
 of Target                  
 LTI                        |   |     | #        
 of Units 
 Granted  |   |     | $ Value |   |     | Time-Vested RSUs 
 %                
 of Target        
 LTI              |     |   |     | #        
 of Units 
 Granted  |        |     | $ Value |           |
|:--------------------|:----|:-------------|----------:|:----|:---------------------------|:--|:----|:---------|:--|:----|:--------|:--|:----|:-----------------|----:|:--|:----|:---------|-------:|:----|:--------|----------:|
| Joseph F.