McGrath RentCorp (MGRC) VP reallocates 6,077 shares in employee stock plan
Rhea-AI Filing Summary
McGrath RentCorp executive John P. Skenesky, VP and Division Manager, reported an indirect disposition of 6,077 shares of Common Stock on 2026-08-12. The shares were held through the company’s Employee Stock Ownership and 401(k) Plan ("By KSOP") and the transaction was coded as an "other" disposition (code J). A footnote states the disposition resulted from a diversification election within the plan and that the proceeds remained in the plan, with his indirect KSOP-held balance reported as 0 shares afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,077 shares
Net Sell
1 txn
Insider
Skenesky John P
Role
VP and Division Manager
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 6,077 | $120.54 | $733K |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By KSOP)
Footnotes (1)
- F1. Disposition made pursuant to a diversification election under the McGrath RentCorp Employee Stock Ownership and 401(k) Plan. The proceeds of the diversification remained in the Plan.
Key Figures
Shares disposed: 6,077 shares
Transaction price per share: $120.54
Indirect holdings after transaction: 0 shares
3 metrics
Shares disposed
6,077 shares
Indirect disposition under code J on 2026-08-12 via KSOP
Transaction price per share
$120.54
Per-share value used for the 6,077-share disposition
Indirect holdings after transaction
0 shares
Shares held "By KSOP" following the diversification transaction
Key Terms
diversification election, Employee Stock Ownership and 401(k) Plan, indirect ownership, transaction code J
4 terms
diversification election financial
"Disposition made pursuant to a diversification election under the McGrath RentCorp Employee Stock Ownership"
Employee Stock Ownership and 401(k) Plan financial
"under the McGrath RentCorp Employee Stock Ownership and 401(k) Plan. The proceeds of the"
indirect ownership financial
"The shares were reported as indirect ownership with nature of ownership "By KSOP""
transaction code J financial
"The transaction was coded J, described as an other acquisition or disposition"
FAQ
What insider transaction did MGRC executive John P. Skenesky report?
John P. Skenesky reported an indirect disposition of 6,077 shares of McGrath RentCorp Common Stock. The transaction was classified as code J, an “other” acquisition or disposition, through the company’s Employee Stock Ownership and 401(k) Plan.
What price was used for the MGRC diversification transaction reported by Skenesky?
The transaction used a per-share value of $120.54 for the 6,077 Common Stock shares. This figure appears as the transaction price per share in the Form 4 and is labeled as a standard per-share price.
Was the MGRC Form 4 transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked. Instead, a footnote explains the disposition was made pursuant to a diversification election within the McGrath RentCorp Employee Stock Ownership and 401(k) Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.