McGrath RentCorp (MGRC) President & CEO Philip Hawkins Sells 4,435 Shares

What Happened

• Philip B. Hawkins, President and CEO of McGrath RentCorp (MGRC), reported sales of common stock on 2026-08-11. He sold 4,430 shares at a weighted average price of $120.91 for proceeds of $535,636 (these shares were sold in multiple transactions at prices ranging from $120.60 to $121.36) and an additional 5 shares at $124.00 for $620, for total proceeds of $536,256. These were open-market sales (transaction code S), which are typically routine dispositions rather than purchases.

Key Details

• Transaction date: August 11, 2026; Form 4 filed August 13, 2026 (appears timely).
• Prices and amounts: 4,430 shares @ weighted avg $120.91 = $535,636; 5 shares @ $124.00 = $620; combined ≈ $536,256.
• Price range note: the 4,430-share sale occurred in multiple trades at prices from $120.60 to $121.36 (footnote indicates breakdown available on request).
• Shares owned after transaction: not disclosed in the provided filing details.
• Transaction type: S = Sale (open-market/private sale).
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the information provided.

Context

• Sales by executives can be for many reasons (diversification, liquidity, planned sales) and do not by themselves indicate a change in company outlook. The filing’s footnote clarifies the reported weighted average price and offers to provide per-trade breakdowns if requested.