Plan move shifts 5,966 McGrath RentCorp (MGRC) shares in KSOP
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
VAN TREASE KRISTINA
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 5,966 | $104.00 | $620K |
Holdings After Transaction:
Common Stock — 7,334 shares (Indirect, By KSOP)
Footnotes (1)
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FAQ
What insider transaction did MCGRATH RENTCORP (MGRC) report for Kristina Van Trease?
MCGRATH RENTCORP reported that Chief Strategy Officer Kristina Van Trease had 5,966 shares of Common Stock reallocated through an internal plan transaction. This was coded as an “other” restructuring within the company’s KSOP and Employee Stock Ownership and 401(k) Plan.
Was the MCGRATH RENTCORP (MGRC) Kristina Van Trease transaction an open-market buy or sell?
The transaction was not an open-market buy or sell. It was classified as an “other” acquisition or disposition tied to a diversification election within the Employee Stock Ownership and 401(k) Plan, with proceeds remaining inside the plan rather than being traded externally.
What does “By KSOP” mean in the MCGRATH RENTCORP (MGRC) Form 4 filing?
“By KSOP” indicates that the 7,334 MCGRATH RENTCORP shares are held indirectly through the company’s combined Employee Stock Ownership and 401(k) Plan. The plan, not the individual directly, is the formal holder of the shares following the diversification election transaction.