During his time at United Rentals, Hicks faced significant fluctuations in his equity holdings towards the end of his tenure. After retiring, he had to forfeit over 200,000 unvested restricted stock units, impacting his overall wealth. Yet, he secured a...
During his time at United Rentals, Hicks faced significant fluctuations in his equity holdings towards the end of his tenure. After retiring, he had to forfeit over 200,000 unvested restricted stock units, impacting his overall wealth. Yet, he secured a conditional award of 133,334 new RSUs which would only vest if a change in control occurred before 2008, showing how his alignment with company performance was crucial. Before his retirement, Hicks enjoyed substantial holdings that reflected his commitment to the company's success and financial health. His financial decisions indicate a leader closely tied to the fortunes of United Rentals throughout his career.