McGrath RentCorp Management

Management criteria checks 3/4

McGrath RentCorp's CEO is Joe Hanna, appointed in Feb 2017, has a tenure of 7.75 years. total yearly compensation is $4.77M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth $17.85M. The average tenure of the management team and the board of directors is 6.1 years and 6.8 years respectively.

Key information

Joe Hanna

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	16.8%
CEO tenure	7.8yrs
CEO ownership	0.6%
Management average tenure	6.1yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

Risks To Shareholder Returns Are Elevated At These Prices For McGrath RentCorp (NASDAQ:MGRC)

Dec 19

A Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)

Dec 06

We Think McGrath RentCorp (NASDAQ:MGRC) Can Stay On Top Of Its Debt

Nov 23

Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?

Aug 11

Here's Why We Think McGrath RentCorp (NASDAQ:MGRC) Is Well Worth Watching

Jul 24

Is McGrath RentCorp (NASDAQ:MGRC) Using Too Much Debt?

May 04

Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?

Oct 13

CEO Compensation Analysis

How has Joe Hanna's remuneration changed compared to McGrath RentCorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$225m
Jun 30 2024	n/a	n/a	US$116m
Mar 31 2024	n/a	n/a	US$123m
Dec 31 2023	US$5m	US$800k	US$112m
Sep 30 2023	n/a	n/a	US$115m
Jun 30 2023	n/a	n/a	US$102m
Mar 31 2023	n/a	n/a	US$97m
Dec 31 2022	US$3m	US$700k	US$103m
Sep 30 2022	n/a	n/a	US$97m
Jun 30 2022	n/a	n/a	US$93m
Mar 31 2022	n/a	n/a	US$90m
Dec 31 2021	US$3m	US$663k	US$85m
Sep 30 2021	n/a	n/a	US$92m
Jun 30 2021	n/a	n/a	US$97m
Mar 31 2021	n/a	n/a	US$99m
Dec 31 2020	US$3m	US$644k	US$102m
Sep 30 2020	n/a	n/a	US$97m
Jun 30 2020	n/a	n/a	US$102m
Mar 31 2020	n/a	n/a	US$99m
Dec 31 2019	US$3m	US$624k	US$97m
Sep 30 2019	n/a	n/a	US$95m
Jun 30 2019	n/a	n/a	US$87m
Mar 31 2019	n/a	n/a	US$83m
Dec 31 2018	US$2m	US$573k	US$79m
Sep 30 2018	n/a	n/a	US$173m
Jun 30 2018	n/a	n/a	US$165m
Mar 31 2018	n/a	n/a	US$160m
Dec 31 2017	US$2m	US$460k	US$154m

Compensation vs Market: Joe's total compensation ($USD4.77M) is about average for companies of similar size in the US market ($USD6.57M).

Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.

CEO

Joe Hanna (61 yo)

7.8yrs

Tenure

US$4,771,898

Compensation

Mr. Joseph F. Hanna, also known as Joe, has been the Chief Executive Officer and President of McGrath RentCorp since February 23, 2017 and is an Independent Director of Janus International Group, Inc. sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Hanna	President	7.8yrs	US$4.77m	0.62% $ 17.8m
Keith Pratt	Executive VP	18.7yrs	US$1.74m	0.21% $ 6.1m
Gilda Malek	VP, General Counsel & Corporate Secretary	1.7yrs	US$1.04m	0.0037% $ 108.3k
Philip Hawkins	Senior VP & Division Manager of Mobile Modular	2.8yrs	US$1.20m	0% $ 0
Kristina Van Trease-Whitney	Senior VP & Chief Strategy Officer	2.8yrs	US$1.12m	0.00083% $ 24.0k
David Whitney	VP, Corporate Controller & Principal Accounting Officer	24.6yrs	no data	0.00083% $ 24.0k
Tara Wescott	Vice President of Human Resources	4.5yrs	no data	0.0091% $ 264.7k
John Skenesky	VP & Division Manager of TRS-RenTelco	13yrs	US$620.50k	0.035% $ 1.0m

6.1yrs

Average Tenure

56yo

Average Age

Experienced Management: MGRC's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Hanna	President	7.8yrs	US$4.77m	0.62% $ 17.8m
Bradley Shuster	Independent Chairman of the Board	7.3yrs	US$298.11k	0.048% $ 1.4m
William Dawson	Independent Director	26.8yrs	US$242.61k	0.016% $ 471.8k
Smita Conjeevaram	Independent Director	3.8yrs	US$228.16k	0.018% $ 530.9k
Kimberly Box	Independent Director	6.3yrs	US$231.59k	0.031% $ 884.8k
Nicolas Anderson	Independent Director	1.9yrs	US$227.61k	0.0061% $ 177.0k

6.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: MGRC's board of directors are considered experienced (6.8 years average tenure).

McGrath RentCorp Management

Management criteria checks 3/4

Key information

Recent management updates

McGrath RentCorp, Annual General Meeting, Dec 12, 2024

President exercised options and sold US$1.7m worth of stock

Insufficient new directors

Insider recently sold US$640k worth of stock

Insider notifies of intention to sell stock

Insider recently sold US$257k worth of stock

Recent updates

McGrath RentCorp Provides Earnings Guidance for the Year 2024

McGrath RentCorp, Annual General Meeting, Dec 12, 2024

WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) cancelled the acquisition of McGrath RentCorp (NasdaqGS:MGRC) from The Vanguard Group, Inc., BlackRock, Inc., Franklin Mutual Advisers, LLC and others.

McGrath RentCorp's (NASDAQ:MGRC) Dividend Will Be $0.475

WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) cancelled the acquisition of McGrath RentCorp (NasdaqGS:MGRC) from The Vanguard Group, Inc., BlackRock, Inc., Franklin Mutual Advisers, LLC and others.

Second quarter dividend of US$0.47 announced

Consensus EPS estimates fall by 11%

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.47 per share

McGrath RentCorp to Report Q2, 2024 Results on Jul 25, 2024

McGrath RentCorp: Still In Play, Especially If Bullish On WillScot Mobile

WillScot Mobile - McGrath RentCorp Merger: Potential Double-Digit Returns

First quarter dividend of US$0.47 announced

McGrath RentCorp Declares Quarterly Dividend for the Quarter Ended June 30, 2024, Payable on July 31, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 9.3% to US$117

Upcoming dividend of US$0.47 per share

McGrath RentCorp to Report Q1, 2024 Results on Apr 25, 2024

President exercised options and sold US$1.7m worth of stock

Fourth quarter dividend of US$0.47 announced

Price target increased by 7.9% to US$129

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

McGrath RentCorp Declares Cash Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

Investor sentiment improves as stock rises 16%

McGrath RentCorp to Report Q4, 2023 Results on Feb 21, 2024

Insufficient new directors

WillScot's Offer Undervalues McGrath

WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) entered into an agreement to acquire McGrath RentCorp (NasdaqGS:MGRC) for $3.1 billion.

WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) entered into an agreement to acquire McGrath RentCorp (NasdaqGS:MGRC)

Consensus EPS estimates increase by 20%

Upcoming dividend of US$0.47 per share at 1.7% yield

Is Now The Time To Put McGrath RentCorp (NASDAQ:MGRC) On Your Watchlist?

Risks To Shareholder Returns Are Elevated At These Prices For McGrath RentCorp (NASDAQ:MGRC)

McGrath RentCorp Declares Quarterly Dividend, Payable on January 31, 2024

A Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)

We Think McGrath RentCorp (NASDAQ:MGRC) Can Stay On Top Of Its Debt

Insider recently sold US$640k worth of stock

Consensus EPS estimates fall by 16%, revenue upgraded

Insider notifies of intention to sell stock

McGrath RentCorp Revises Revenue Guidance for Full Year 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.47 per share at 1.9% yield

McGrath RentCorp to Report Q3, 2023 Results on Oct 26, 2023

McGrath RentCorp Declares Quarterly Dividend, Payable on October 31, 2023

Insider recently sold US$257k worth of stock

Insider notifies of intention to sell stock

Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?

McGrath RentCorp Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Here's Why We Think McGrath RentCorp (NASDAQ:MGRC) Is Well Worth Watching

Consensus EPS estimates fall by 20%

McGrath RentCorp (NasdaqGS:MGRC) acquired Assets of Inland Leasing and Storage.

Upcoming dividend of US$0.47 per share at 2.1% yield

McGrath RentCorp to Report Q2, 2023 Results on Jul 27, 2023

Mcgrath Rentcorp Announces Executive Changes

Insider exercised options and sold US$382k worth of stock

Consensus EPS estimates fall by 15%

VP & Division Manager of TRS-RenTelco recently sold US$273k worth of stock

McGrath RentCorp Revises Earnings Guidance for the Full Year 2023

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Is McGrath RentCorp (NASDAQ:MGRC) Using Too Much Debt?

Upcoming dividend of US$0.47 per share at 2.2% yield

Insider recently sold US$554k worth of stock

Executive VP & CFO exercised options and sold US$318k worth of stock

Independent Director recently sold US$52k worth of stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Ironclad Environmental Solutions acquired Adler Tank Rentals, LLC from McGrath RentCorp for $265 million.

Price target increased by 15% to US$117

McGrath RentCorp to Report Q4, 2022 Results on Feb 22, 2023