McGrath RentCorp Director Joseph F. Hanna Sells 400 Shares

What Happened
Joseph F. Hanna, a director of McGrath RentCorp (MGRC), disposed of 400 shares on 2026-05-05 at $113.06 per share, for a total value of $45,224. The Form 4 lists the transaction as an "other acquisition or disposition" (code J) rather than an open-market sale.

Key Details

• Transaction date: 2026-05-05; Filing date: 2026-05-07 (filed within the typical 2-business-day window).
• Price: $113.06 per share; Total value: $45,224.
• Shares disposed: 400.
• Shares owned after transaction: not disclosed in the excerpted filing.
• Footnote: Disposition made pursuant to a rollover election under the McGrath RentCorp Employee Stock Ownership and 401(k) Plan (per F1).
• Transaction type code: J (other acquisition or disposition).

Context
The footnote indicates this was a rollover election under the company’s ESOP/401(k) plan, which is typically an administrative transfer within retirement planning rather than a directional open-market sale. Such plan-driven dispositions are common and do not necessarily reflect the director’s view of the company’s prospects.