[Form 4] MCGRATH RENTCORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCGRATH RENTCORP senior vice president and chief accounting officer David M. Whitney reported an internal retirement plan transaction involving 5,966 shares of common stock at $104 per share. The shares are held indirectly through a spouse's KSOP account, bringing total indirect holdings to 7,334 shares after the transaction.
The footnote explains this was an acquisition under a diversification election within the McGrath RentCorp Employee Stock Ownership and 401(k) Plan, with the proceeds remaining in the plan rather than reflecting an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whitney David M
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 5,966 | $104.00 | $620K |
Holdings After Transaction:
Common Stock — 7,334 shares (Indirect, Spouse's KSOP)
Footnotes (1)
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FAQ
What insider transaction did McGrath RentCorp (MGRC) report on this Form 4?
McGrath RentCorp reported an internal plan transaction involving 5,966 shares of common stock at $104 per share. The move was recorded as an “other” transaction under code J, tied to a diversification election inside the company’s employee stock ownership and 401(k) plan.
Who is the insider involved in the latest McGrath RentCorp (MGRC) Form 4 filing?
The filing involves David M. Whitney, senior vice president and chief accounting officer of McGrath RentCorp. The transaction reflects activity in a spouse’s KSOP account tied to the company’s employee stock ownership and 401(k) plan, rather than a direct open-market trade by the executive.
Was the McGrath RentCorp (MGRC) insider transaction an open-market buy or sell?
No, the transaction was not an open-market buy or sell. It was categorized as an “other” transaction under code J, executed via a diversification election within the McGrath RentCorp Employee Stock Ownership and 401(k) Plan, with proceeds remaining inside the plan structure.
What does the footnote reveal about the McGrath RentCorp (MGRC) Form 4 transaction?
The footnote states the acquisition was made under a diversification election in the McGrath RentCorp Employee Stock Ownership and 401(k) Plan. It also notes that the proceeds of the acquisition stayed within the plan, underscoring that this was an internal retirement plan adjustment, not a market trade.