McGrath RentCorp (MGRC) CEO Hawkins sells 4,435 shares in open-market trades
Rhea-AI Filing Summary
McGrath RentCorp President and CEO Philip B. Hawkins reported open-market sales of company common stock. On 2026-08-11, he sold 4,430 shares at a weighted average price of $120.911 per share, with individual trades between $120.60 and $121.36. On the same date, he separately sold 5 shares at $124.00 per share. The filing does not state his remaining share holdings after these transactions.
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Insights
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Insider Trade Summary
Net Seller: 4,435 shares
Net Sell
2 txns
Insider
Hawkins Philip B
Role
President and CEO
Sold
4,435 shs ($536K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 4,430 | $120.911 | $536K |
| Sale | Common Stock | 5 | $124.00 | $620.00 |
Holdings After Transaction:
Common Stock — 13,371 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.60 to $121.36, inclusive. The reporting person undertakes to provide to McGrath RentCorp, any security holder of McGrath RentCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
Key Figures
Shares sold (total): 4,435 shares
Main block sold: 4,430 shares
Weighted average price: $120.911 per share
+3 more
6 metrics
Shares sold (total)
4,435 shares
Common stock sales reported on 2026-08-11
Main block sold
4,430 shares
Weighted-average sale of common stock on 2026-08-11
Weighted average price
$120.911 per share
Price for 4,430-share sale; trades from $120.60 to $121.36
Price range for main sale
$120.60–$121.36 per share
Range of prices for the 4,430-share transaction
Additional sale
5 shares at $124.00 per share
Separate common stock sale on 2026-08-11
Reported sell transactions
2 transactions
Non-derivative sales of common stock on 2026-08-11
Key Terms
weighted average price, open market or private transaction, Form 4
3 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
Form 4 regulatory
"within the ranges set forth in footnote (1) to this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did MGRC’s CEO Philip B. Hawkins report?
Philip B. Hawkins reported selling 4,435 shares of McGrath RentCorp common stock on 2026-08-11 in open-market or private transactions, according to the Form 4 insider filing.
Were the MGRC CEO’s stock sales under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that these 2026-08-11 sales were made pursuant to a Rule 10b5-1 trading plan.
Did the Form 4 disclose MGRC CEO Hawkins’s holdings after the sale?
The reported transactions list no figure for total shares following the transaction, so the Form 4 does not state Hawkins’s remaining McGrath RentCorp holdings after these sales.
What does the weighted average price mean in the MGRC CEO sale?
The $120.911 weighted average means the 4,430 shares were sold in multiple trades between $120.60 and $121.36; detailed per-trade prices are available upon request, as noted in the footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.