A Form 4 filed on August 14, 2026 reports that John P. Skenesky, VP and Division Manager at McGrath RentCorp (NASDAQ:MGRC), disposed of 6,077 shares of common stock on August 12, 2026 through a diversification election under the company's Employee Stock Ownership and 401(k) Plan.

Key Highlights

  • Reporting person: John P. Skenesky, VP and Division Manager at McGrath RentCorp
  • Transaction date: August 12, 2026
  • Shares disposed: 6,077 shares of common stock, coded as transaction type "J"
  • Price per share: $120.54
  • Post-transaction ownership: 0 shares held indirectly through the KSOP plan
  • Plan context: Disposition made pursuant to a diversification election; proceeds remained within the McGrath RentCorp Employee Stock Ownership and 401(k) Plan

KSOP Diversification Election Reduces Skenesky's Plan Holdings to Zero

According to the filing, John P. Skenesky disposed of 6,077 shares of McGrath RentCorp common stock on August 12, 2026, at a price of $120.54 per share. The transaction is coded "J" and was held indirectly through the company's Employee Stock Ownership and 401(k) Plan, referred to in the filing as the KSOP. Following the transaction, the filing reports that Skenesky holds 0 shares indirectly through the KSOP.

The filing's footnote explains that the "disposition made pursuant to a diversification election under the McGrath RentCorp Employee Stock Ownership and 401(k) Plan," and specifies that "the proceeds of the diversification remained in the Plan." This indicates the shares were liquidated within the plan for reinvestment purposes, not distributed or sold outside the plan. No direct holdings or derivative securities are reported in connection with this filing.

The Form 4 was signed by Gilda Malek as power of attorney for John Skenesky and submitted on August 14, 2026, two days after the reported transaction date of August 12, 2026. No amendment date is listed, indicating this is an original filing.

What Was Disclosed

The filing discloses a single non-derivative transaction in which VP and Division Manager John P. Skenesky disposed of 6,077 McGrath RentCorp common shares at $120.54 per share through a KSOP diversification election, with proceeds remaining inside the plan.