McGrath RentCorp officer restructures 5,966 plan shares
MCGRATH RENTCORP Chief Strategy Officer Kristina Van Trease reported an internal plan-related share reallocation involving 5,966 shares of Common Stock.
Rhea-AI Filing Summary
MCGRATH RENTCORP Chief Strategy Officer Kristina Van Trease reported an internal plan-related share reallocation involving 5,966 shares of Common Stock. The transaction was coded as an “other” restructuring and is held indirectly through the company’s KSOP. Following this move, 7,334 shares are held indirectly in the plan. According to the footnote, the acquisition was made under a diversification election within the company’s Employee Stock Ownership and 401(k) Plan, and the proceeds remained in that plan rather than being taken as cash or traded in the open market.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 5,966 | $104.00 | $620K |
Footnotes (1)
- F1. Acquisition made pursuant to a diversification election under the McGrath RentCorp Employee Stock Ownership and 401(k) Plan. The proceeds of the acquisition remained in the Plan.
FAQ
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What insider transaction did MCGRATH RENTCORP (MGRC) report for Kristina Van Trease?
Was the MCGRATH RENTCORP (MGRC) Kristina Van Trease transaction an open-market buy or sell?
What does “By KSOP” mean in the MCGRATH RENTCORP (MGRC) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.