Company: MGRC
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056711
Chunk: 65

Company: MCGRATH RENTCORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 65
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 projected actual performance through the end of the performance period. Assuming a change in control of the Company occurred on December 31, 2024, based on a closing NASDAQ Stock Market price of $111.82 per share on December 31, 2024, the value of the 2022 PSUs that each NEO would be entitled to is shown in the table below. The acceleration and vesting of a portion of the 2022 PSUs occurs on a change in control and is not contingent on an NEO’s termination of employment. Pursuant to the terms of the agreements for the McGrath PSU awards granted during the 2023 calendar year (each, a “2023 PSU”), in the event of a change in control of the Company occurring prior to the end of the three-year performance period, a prorated portion of the 2023 PSUs would vest assuming target performance is achieved, with the prorated portion determined based on the number of days elapsed between the grant date and the change in control event. Assuming a change in control occurred on December 31, 2024, based on a closing NASDAQ Stock Market price of $111.82 per share on December 31, 2024, the value of the 2023 PSUs that each NEO would be entitled to is shown in the table below. The acceleration and prorated vesting of a portion of the 2023 PSUs occurs on a change in control and is not contingent on an NEO's termination of employment.

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| Name                |     | 2022 PSUs 
 Number of 
 PSUs      |        |     | Value of 
 PSUs     |           |     | 2023 PSUs 
 Number of 
 PSUs      |        |     | Value of 
 PSUs     |           |
|:--------------------|:----|:----------|-------:|:----|:---------|----------:|:----|:----------|-------:|:----|:---------|----------:|
| Joseph F. Hanna     |     |           | 16,620 |     | $        | 3,716,897 |     |           | 10,069 |     | $        | 1,125,916 |
| Keith E. Pratt      |     |           |  6,460 |     | $        | 1,444,714 |     |           |  2,222 |     | $        |