Sundar PichaiSundar Pichai earned $164M in 2023
H

Lawrence H. Silber

CEO of Herc Holdings

Field of Expertise

Business & Management

Economy Sector

Industrials

Current Tenure

8 years 7 months (Jun 2016 - Present)

Previous Experience

Formerly served as a director and has extensive experience in the industry.

Lawrence H. Silber has been the CEO of Herc Holdings Inc. since 2016. He previously worked at Ingersoll-Rand for nearly thirty years, where he held various leadership roles, showing his deep expertise in management and industrial operations. Silber led Hayward...

Year

2022

Total Compensation

$3.22M

Salary

$971.64K

Board Justification

The compensation philosophy is designed to align with the company's performance and long-term objectives, focusing on pay-for-performance principles.

Bonus

$2.01M

Board Justification

The bonus is based on the Executive Incentive Compensation Plan (EICP) which rewards achievement of pre-established performance goals.

Other

$240.68K

Board Justification

Other compensation includes personal use of a car, company 401(k) matching contributions, personal aircraft usage, and other allowances.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2022 as the focus was on performance-based awards that vest over a longer period.

Performance Metrics

The performance metrics include financial metrics such as Adjusted EBITDA and management business objectives (MBOs) that are critical to the company's success.