Matthew J. Flannery is the CEO of United Rentals, Inc., the largest equipment rental company globally. He started his journey in the company back in 1998 when United Rentals acquired McClinch Equipment. Over the years, he has risen from branch...

Matthew J. Flannery is the CEO of United Rentals, Inc., the largest equipment rental company globally. He started his journey in the company back in 1998 when United Rentals acquired McClinch Equipment. Over the years, he has risen from branch manager to CEO, the position he took on in May 2019. With over 25 years in the rental industry, he brings a wealth of experience in sales and operations to the table. In 2023, his total earnings were about $11.1 million, significantly supported by performance-based bonuses and stock awards. His leadership style is tied closely to performance metrics like revenue growth and EBITDA, showing he aims to create real value for shareholders. Interestingly, in 2022, he did not receive a bonus due to unmet performance goals, a clear signal he's aligned with the company’s success. Flannery has also received substantial stock grants aimed at ensuring his compensation matches the company’s objectives. He has witnessed and guided the transformation of United Rentals, as it continues to grow its diverse fleet, now worth around $21 billion. His journey exemplifies dedication and adaptability in a competitive market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other United Rentals CEOs

U

Matthew J. Flannery

CEO of United Rentals

Sector of Economy

Industrials

Born

July 30, 2024 - 0 years ago

CEO of United Rentals for

5 years 10 months (May 2019 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Matthew J. Flannery

O

Michael H. Thaman

CEO of Owens Corning

2019 Compensation

Stock

$2.00M

Salary

$965.91K

Bonus

$282.02K

Other

$88.93K

Total Holdings

$118.49M

D

H. Andrew DeFerrari

CEO of Dycom Industries

2023 Compensation

Stock

$0.00

Salary

$600.00K

Bonus

$548.10K

Other

$11.33K

Total Holdings

$24.21M

O

Judith F. Marks

CEO of Otis Worldwide

2023 Compensation

Stock

$2.82M

Salary

$1.37M

Bonus

$0.00

Other

$432.84K

Total Holdings

$25.88M

T

Robert Buck

CEO of TopBuild Corporation

2023 Compensation

Stock

$2.28M

Salary

$970.83K

Bonus

$0.00

Other

$14.19K

Total Holdings

$20.86M

H

Lawrence H. Silber

CEO of Herc Holdings

2022 Compensation

Stock

$0.00

Salary

$971.64K

Bonus

$2.01M

Other

$240.68K

Total Holdings

$23.82M

O

Brian D. Chambers

CEO of Owens Corning

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$2.63M

Other

$297.96K

Total Holdings

$43.78M

Holdings

See how much did Matthew J. Flannery make over time.

Matthew Flannery's holdings are closely tied to his performance at United Rentals. In 2023, he received 49,792 shares due to achieving performance goals, reflecting his focus on performance alignment. His stock awards can significantly impact his wealth; for instance, the...

Matthew Flannery's holdings are closely tied to his performance at United Rentals. In 2023, he received 49,792 shares due to achieving performance goals, reflecting his focus on performance alignment. His stock awards can significantly impact his wealth; for instance, the vested stock in 2023 was valued at around $20 million, marking a high point. In 2022, despite his success in stock vesting with 60,898 shares worth approximately $19 million, he did not receive a performance-based bonus, emphasizing the high stakes associated with his role. The fluctuations in his stock value directly highlight the underlying performance of the company, showcasing how vested stock awards can be a double-edged sword depending on annual results.

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Total Stock Sold

$35.61M

URI

$35.61M

267,785 URI shares

What if they kept their stock?

If Matthew J. Flannery didn't sell their stock, today they would have:
Extra URI267,785 shares worth $27.63M.
This is -22.41% and $7.98M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Matthew J. Flannery.

URI

$5.86M

URI at $699.63/share

Apr 30, 2024

Sale

URI

$2.39M

URI at $712.31/share

Mar 2, 2024

Received

URI

$9.13M

URI at $576.90/share

Jan 24, 2024

Received

URI

$5.74M

URI at $477.99/share

Mar 8, 2023

Sale

URI

$2.15M

URI at $470.60/share

Mar 2, 2023

Received

URI

$16.82M

URI at $392.48/share

Jan 25, 2023

Received

URI

$5.72M

URI at $300.00/share

Jul 28, 2022

Sale

URI

$1.82M

URI at $328.64/share

Mar 3, 2022

Received

URI

$16.15M

URI at $307.76/share

Jan 26, 2022

Received

URI

$1.57M

URI at $302.60/share

Mar 8, 2021

Received

Compensation History

See how much did Matthew J. Flannery make over time.

Matthew J. Flannery's compensation reflects his role as a CEO dedicated to driving value at United Rentals. In 2023, his total earnings reached approximately $11.1 million. His base salary was $1.1 million, complemented by a performance-based bonus of about $1 million. Despite a stellar performance in stock vesting, he had no bonus in 2022 due to the company not meeting specific targets. His total compensation also included nearly $20 million worth of vested stock. This structure emphasizes performance because his bonuses are directly tied to the company's results in areas like EBITDA and revenue growth. Flannery’s pay arrangement shows a clear alignment with shareholder interests, focusing on long-term value creation. Over his tenure, he has adapted his leadership approach in line with the evolving marketplace, managing to keep incentives linked to real business performance.

Year

2023

Total Compensation

$22.30M

Salary

$1.10M

Board Justification

The compensation philosophy aims to align executive compensation with the Company’s business strategy and drive long-term stockholder value, with a heavy emphasis on performance-based pay.

Bonus

$1.05M

Board Justification

Based on the Company’s performance, funding for the Annual Incentive Compensation Plan (AICP) was set at 107.7% of target, with a portion paid in cash and a portion in vested shares of the Company’s common stock.

Other

$23.28K

Board Justification

Includes matching contributions to the 401(k) plan and other personal benefits such as insurance and wellness programs.

Restricted Stock

$20.13M(49.79K RSU)

Board Justification

The stock awards that vested in 2023 were based on performance metrics achieved for the year, with a total of 49,792 shares vested.

Performance Metrics

Key performance metrics included adjusted EBITDA, economic profit improvement, revenue, and return on invested capital.

Other United Rentals CEOs

Here are other CEOs of United Rentals

Michael J. Kneeland

Ex-CEO of United Rentals

June 2007 - May 2019

William (Ted) Grace

CEO of United Rentals

November 2022 - Present