Mcgrath Rentcorp (MGRC) executive compensation, 2026 proxy

Joseph F. Hanna, Former President and Chief Executive Officer, was paid $6.5M in 2025, up 19% from $5.5M the year before. The CEO-to-median-employee pay ratio was 84:1, on median employee pay of $77,715.

Filed
April 24, 2026
Annual meeting
June 3, 2026
Pay year
2025
Named executives
5
CEO total pay
$6.5M+19% vs prior year
CEO to median employee
84:1median $77,715
CEO pay in equity
66%$4.3M in awards
Prior say-on-pay support
97%of votes cast
2025 Revenue Growth
4%Full-year revenue growth
2025 Adjusted EBITDA Growth
3%Full-year Adjusted EBITDA growth
CEO Pay Ratio
84:1CEO to median employee pay
Say-on-Pay Support
97%Prior year advisory vote support

How Hanna was paid

$6.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary13%Stock awards66%Non-equity incentive17%All other compensation3%

Named executive officers

ExecutiveTotal
Joseph F. HannaFormer President and Chief Executive Officer$6,519,633
Keith E. PrattExecutive Vice President, Chief Financial Officer and Assistant Corporate Secretary$3,376,492
Philip B. HawkinsPresident and Chief Executive Officer$1,718,813
Gilda MalekSenior Vice President, Chief Legal Officer and Corporate Secretary$1,574,144
Kristina E. Van TreaseSenior Vice President, Chief Strategy Officer$1,105,665

What changed and why

  • $6.5MJoseph F. Hanna received total compensation of $6,519,633 in fiscal 2025.
  • 4%Company revenue grew 4% and Adjusted EBITDA grew 3% in 2025.
  • Annual incentive bonuses were based on corporate and divisional Adjusted EBITDA.
  • 50%Long-term equity awards consisted of 50% performance-based RSUs and 50% time-based RSUs.
  • Joseph F. Hanna retired as CEO and was succeeded by Philip B. Hawkins on April 3, 2026.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.