Sundar PichaiSundar Pichai earned $164M in 2023

Mark Irion has played a key role in the equipment rental industry since joining Herc Holdings as Chief Financial Officer and Senior Vice President in 2018. Before Herc, he worked for Neff Corporation for nearly two decades, leading its financial...

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Mark Irion

Ex-CEO of Herc Holdings

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

CEO of Herc Holdings for

4 years 8 months (Jun 2018 - Mar 2023)

Previous Experience

Former CFO of Neff Corporation and Markvision Holdings, Inc.

Holdings

See how much did Mark Irion make over time.

As the CEO of Herc Holdings, Mark Irion has amassed significant holdings in company stock. He experienced notable fluctuations in his wealth due to the company's performance in the rental equipment sector. In 2022, his holdings included around 18,400 restricted...

Total Stock Sold

$545.18K

HRI

$545.18K

4,194 HRI shares

What if they kept their stock?

If Mark Irion didn't sell their stock, today they would have:
Extra HRI4,194 shares worth $87.03K.
This is -84.04% and $458.15K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Mark Irion.

HRI

31,926 shares

HRI

Feb 7, 2023

Received

HRI

$550.97K

HRI at $131.37/share

Dec 9, 2022

Sale

HRI

$50.21K

HRI at $133.70/share

Mar 10, 2022

Purchase

HRI

15,063 shares

HRI

Feb 8, 2022

Received

HRI

11,793 shares

HRI

Jun 25, 2021

Received

HRI

4,274 shares

HRI

Feb 15, 2021

Received

HRI

6,249 shares

HRI

Feb 25, 2020

Received

HRI

5,883 shares

HRI

Feb 26, 2019

Received

HRI

22,264 shares

HRI

Jun 25, 2018

Received

Compensation History

See how much did Mark Irion make over time.

In 2022, Mark Irion's total compensation reached approximately $2,293,245, including a salary of $521,635 and a performance-based bonus of $835,916. This bonus was structured to align directly with the company's performance metrics and his individual impact on that performance. Mark chose to focus on long-term incentives instead of immediate stock grants, reflecting a commitment to sustainable company growth over time. His compensation indicates that leaders at Herc are incentivized based on their strategic contributions, not just short-term results. In previous years, his total compensation has varied widely, demonstrating the volatile nature of executive pay tied to performance-based metrics. Overall, Mark’s pay structure showcases a blend of base salary, bonuses for achieving specific goals, and a system designed to encourage long-term thinking.

Year

2022

Total Compensation

$1.71M

Salary

$521.64K

Board Justification

The compensation philosophy is designed to align with business strategy and objectives, focusing on performance-based incentives to drive long-term stockholder value.

Bonus

$835.92K

Board Justification

The bonus is based on the Executive Incentive Compensation Plan (EICP) which is tied to the company's performance metrics and individual performance scores for the year 2022.

Other

$350.45K

Board Justification

Other compensation includes perquisites such as personal use of a car and a perquisite allowance for medical expenses and financial planning.

Restricted Stock

$0.00(0 RSU)

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 for 2022 included Adjusted EBITDA, Return on Revenue Earning Equipment, and Equipment Rental Revenue Growth.