HANNA JOSEPH F 4
4 · MCGRATH RENTCORP · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
MCGRATH RENTCORP (MGRC) Director Joseph F. Hanna Sells Shares
What Happened
Joseph F. Hanna, a director of McGrath RentCorp (MGRC), sold a total of 10,000 common shares in open-market transactions on May 4–5, 2026 for aggregate proceeds of approximately $1,124,670. The sales broke down as: 9,070 shares for $112.46 (weighted avg) totaling $1,020,033; 400 shares for $113.19 (weighted avg) totaling $45,277; and 530 shares for $112.00 totaling $59,360. These were outright sales (S) rather than purchases — sales are common for liquidity/tax reasons and do not necessarily signal insider sentiment.
Key Details
- Transaction dates: May 4, 2026 (two sales: 9,070 and 400 shares) and May 5, 2026 (530 shares).
- Reported prices and proceeds: 9,070 @ $112.46 (≈ $1,020,033); 400 @ $113.19 (≈ $45,277); 530 @ $112.00 (≈ $59,360). Total ≈ $1,124,670.
- Footnotes: Reported prices are weighted averages. Footnote F1 covers sales priced between $112.00–$112.94; F2 covers sales between $113.115–$113.285. The filer can provide per-transaction pricing on request.
- Filing: Form 4 filed May 5, 2026 reporting trades on May 4–5 — appears timely based on the dates reported.
- Shares owned after the transaction: not specified in the information provided in this summary.
Context
These were open-market sales (transaction code S). Such sales are routine for insiders and may reflect personal liquidity needs, portfolio rebalancing, or other non-fundamental reasons; they are not direct proof of a change in the company's outlook. Retail investors should consider insider transaction data as one of many inputs and combine it with company fundamentals and news before making investment decisions.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-04$112.46/sh−9,070$1,020,033→ 159,979 total - Sale
Common Stock
[F2]2026-05-04$113.19/sh−400$45,277→ 159,579 total - Sale
Common Stock
2026-05-05$112.00/sh−530$59,360→ 159,049 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.00 to $112.94, 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.115 to $113.285, 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.