McGrath RentCorp Management

Management criteria checks 3/4

McGrath RentCorp's CEO is Joe Hanna, appointed in Feb 2017, has a tenure of 7.17 years. total yearly compensation is $4.77M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 0.7% of the company’s shares, worth $18.48M. The average tenure of the management team and the board of directors is 5.5 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	7.2yrs
CEO ownership	0.7%
Management average tenure	5.5yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

WillScot's Offer Undervalues McGrath

Jan 31

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

Jan 03

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

Dec 19

McGrath RentCorp: An Attractive Play On Business-To-Business On Rental Equipment

Jun 01

Here's Why McGrath RentCorp (NASDAQ:MGRC) Can Manage Its Debt Responsibly

May 18

Are Investors Undervaluing McGrath RentCorp (NASDAQ:MGRC) By 21%?

Apr 19

CEO Compensation Analysis

How has Joe Hanna's remuneration changed compared to McGrath RentCorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$800k	US$112m
Sep 30 2023	n/a	n/a	US$127m
Jun 30 2023	n/a	n/a	US$113m
Mar 31 2023	n/a	n/a	US$109m
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 ($USD4.77M) is about average for companies of similar size in the US market ($USD6.66M).

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

CEO

Joe Hanna (60 yo)

7.2yrs

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 a Director of Janus International Group, Inc. since December 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Hanna	President	7.2yrs	US$4.77m	0.70% $ 18.5m
Keith Pratt	Executive VP	18.1yrs	US$1.74m	0.23% $ 6.1m
Gilda Malek	VP, General Counsel & Corporate Secretary	1.1yrs	US$1.04m	0.0037% $ 99.1k
Philip Hawkins	Senior VP & Division Manager of Mobile Modular	2.3yrs	US$1.20m	0.017% $ 462.3k
Kristina Van Trease-Whitney	Senior VP & Chief Strategy Officer	2.2yrs	US$1.12m	0.022% $ 594.3k
David Whitney	VP, Corporate Controller & Principal Accounting Officer	24yrs	no data	0.022% $ 580.8k
Tara Wescott	Vice President of Human Resources	3.9yrs	no data	0.015% $ 391.1k
John Skenesky	VP & Division Manager of TRS-RenTelco	12.4yrs	US$620.50k	0.056% $ 1.5m

5.5yrs

Average Tenure

55yo

Average Age

Experienced Management: MGRC's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Hanna	President	7.2yrs	US$4.77m	0.70% $ 18.5m
Elizabeth Fetter	Independent Director	10.2yrs	US$232.39k	0.024% $ 644.4k
Bradley Shuster	Independent Chairman of the Board	6.8yrs	US$298.11k	0.048% $ 1.3m
William Dawson	Independent Director	26.3yrs	US$242.61k	0.11% $ 3.0m
Smita Conjeevaram	Independent Director	3.3yrs	US$228.16k	0.018% $ 485.7k
Kimberly Box	Independent Director	5.8yrs	US$231.59k	0.035% $ 917.3k
Nicolas Anderson	Independent Director	1.3yrs	US$227.61k	0.0061% $ 161.9k

6.8yrs

Average Tenure

63yo

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

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

Insider notifies of intention to sell stock

Recent updates

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

Upcoming dividend of US$0.46 per share

McGrath RentCorp Declares Quarterly Dividend for the Quarter Ended December 31, 2022, Payable on January 31, 2023

McGrath RentCorp Announces Nicolas Anderson Elected to Board

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

McGrath RentCorp Revises Financial Guidance for the Full Year 2022

Now 20% undervalued

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

Upcoming dividend of US$0.46 per share

McGrath RentCorp to Report Q3, 2022 Results on Oct 27, 2022

McGrath RentCorp Declares Quarterly Dividend for the Quarter Ended September 30, 2022, Payable on October 31, 2022

Insider exercised options and sold US$127k worth of stock

McGrath RentCorp declares $0.455 dividend

Is It Time To Consider Buying McGrath RentCorp (NASDAQ:MGRC)?

Are Investors Undervaluing McGrath RentCorp (NASDAQ:MGRC) By 29%?

Price target increased to US$101