McGrath RentCorp (MGRC) director records 400-share KSOP rollover move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrath RentCorp director Joseph F. Hanna reported an internal plan-related share restructuring. On the company’s Common Stock, 400 shares tied to a KSOP were disposed of on May 5, 2026 at $113.06 per share pursuant to a rollover election under the McGrath RentCorp Employee Stock Ownership and 401(k) Plan, leaving 0 indirect shares reported through the KSOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HANNA JOSEPH F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 400 | $113.06 | $45K |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By KSOP)
Footnotes (1)
- [object Object]
Key Figures
Shares involved: 400 shares
Reported price per share: $113.06
Indirect holdings after transaction: 0 shares
3 metrics
Shares involved
400 shares
Common Stock tied to KSOP rollover on May 5, 2026
Reported price per share
$113.06
Value used for 400-share KSOP rollover transaction
Indirect holdings after transaction
0 shares
Indirect ownership through KSOP following rollover
Key Terms
KSOP, Employee Stock Ownership and 401(k) Plan, other acquisition or disposition, indirect ownership
4 terms
KSOP financial
"nature_of_ownership": "By KSOP"
Employee Stock Ownership and 401(k) Plan financial
"rollover election under the McGrath RentCorp Employee Stock Ownership and 401(k) Plan"
other acquisition or disposition regulatory
"transaction_code_description": "Other acquisition or disposition"
indirect ownership regulatory
"direct_or_indirect": "I""
FAQ
What insider transaction did MGRC director Joseph F. Hanna report?
Director Joseph F. Hanna reported an internal restructuring of 400 shares of McGrath RentCorp Common Stock. The change was processed through a KSOP account and reflects a plan-related rollover rather than a typical open-market purchase or sale.
Was Joseph F. Hanna’s MGRC transaction a market buy or sell?
The transaction was coded as J, an “other acquisition or disposition,” not a standard market buy or sell. It reflects a rollover election within the McGrath RentCorp Employee Stock Ownership and 401(k) Plan, indicating an internal plan adjustment.
How did the KSOP rollover affect Hanna’s indirect MGRC holdings?
After the KSOP-related rollover of 400 shares, the Form 4 shows Hanna’s indirect holdings through the KSOP at 0 shares. This indicates the KSOP account no longer holds shares reported as indirectly owned following this internal plan disposition.