Whitney David M (VP, Controller) sold 5,176 shares of MGRC at $117.00 on 2024-10-30 for $605,581.65, reducing holdings by 96.2%.
Whitney David M, VP and Controller, divested 5,176 shares (96.2% of pre-transaction holdings), reducing his position from 5,381 shares to 205 shares at $117.00 per share for $605,581.65. His prior trades at MGRC (two sales in November 2023) both posted positive 90-day returns of +25.2%, indicating neither sale captured an anticipated decline—a 0 of 2 well-timed rate for the same ticker. The current price of $117.28 sits 9.9% below the 52-week high of $130.11, and the stock has risen 11.4% over the past 30 days and 9.8% over 90 days. While McGrath RentCorp reports solid fundamentals with revenue of $266,758,000.00, net income of $149,317,000.00, and a P/E of 12.80, the near-complete liquidation of holdings by a controller—an officer responsible for accounting and financial reporting—merits close tracking for context and timing rationale.