Director at McGrath RentCorp (NASDAQ: MGRC) sells 7,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrath RentCorp director Joseph F. Hanna sold 7,500 shares of common stock in open-market trades. The sales took place on July 1, 2026 at weighted average prices ranging from about $118.63 to $121.80 per share, executed in multiple transactions.
After these transactions, Hanna directly holds 151,549 shares of McGrath RentCorp common stock. The filing notes that each reported price is a weighted average and that detailed trade prices within the stated ranges are available on request.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,500 shares ($904,818)
Net Sell
3 txns
Insider
HANNA JOSEPH F
Role
null
Sold
7,500 shs ($905K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 460 | $119.208 | $55K |
| Sale | Common Stock | 4,803 | $120.5052 | $579K |
| Sale | Common Stock | 2,237 | $121.2318 | $271K |
Holdings After Transaction:
Common Stock — 158,589 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.63 to $119.49, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.875 to $120.87, 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 (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.88 to $121.80, 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 (3) to this Form 4.
Key Figures
Shares sold: 7,500 shares
Price range tranche 1: $118.63–$119.49 per share
Price range tranche 2: $119.875–$120.87 per share
+3 more
6 metrics
Shares sold
7,500 shares
Total common shares sold in open-market transactions on July 1, 2026
Price range tranche 1
$118.63–$119.49 per share
Weighted average sale price range cited in footnote (1)
Price range tranche 2
$119.875–$120.87 per share
Weighted average sale price range cited in footnote (2)
Price range tranche 3
$120.88–$121.80 per share
Weighted average sale price range cited in footnote (3)
Holding after transactions
151,549 shares
Common shares directly held by Joseph F. Hanna after the reported sales
Transaction code
S (sale)
All reported trades classified as open-market or private sales of common stock
Key Terms
weighted average price, open-market sale, Form 4, Common Stock
4 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 sale financial
"transaction_action: "open-market sale" for each common stock transaction."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
Common Stock financial
"security_title: "Common Stock" for all three transactions."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did McGrath RentCorp (MGRC) report for Joseph F. Hanna?
McGrath RentCorp director Joseph F. Hanna reported selling 7,500 shares of common stock in open-market transactions. The trades occurred on July 1, 2026 at weighted average prices between roughly $118.63 and $121.80 per share.
What type of securities did Joseph F. Hanna sell in the MGRC Form 4 filing?
The filing shows that Joseph F. Hanna sold Common Stock of McGrath RentCorp. All three reported transactions involve non-derivative common shares, executed as open-market sales under transaction code “S.”