Company: MGRC
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056711
Chunk: 44

Company: MCGRATH RENTCORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 44
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2025 Base 
 Salary    |         |
|:---------------------|:----|:----------|--------:|:----|:----------|--------:|
| Joseph F. Hanna      |     | $         | 850,000 |     | $         | 875,000 |
| Keith E. Pratt       |     | $         | 520,000 |     | $         | 540,000 |
| Philip B. Hawkins(1) |     | $         | 450,000 |     | $         | 500,000 |
| Gilda Malek          |     | $         | 440,000 |     | $         | 455,000 |
| Kristina Van Trease  |     | $         | 350,000 |     | $         | 380,000 |

(1) Mr. Hawkins was promoted to Chief Operating Officer, effective January 13, 2025. His salary increase for 2025 reflects his promotion.

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2024 Non-Equity Performance-Based Incentive Plan Compensation The 2024 Cash Bonus Plan is comprised of two components. The first component compensates the executive officer for his or her efforts leading to the Company’s success at meeting its annual profitability goals. Annual profitability goals are measured by Adjusted EBITDA for corporate executive officers (Messrs. Hanna and Pratt and Mses. Malek and Van Trease) and for division executive officers (Mr. Hawkins). The second component measures the executive officer’s success at accomplishing his or her personal annual priorities. These two components are used to ensure an emphasis on annual profitability and to define each executive officer’s specific role with measurable goals to achieve annual and long-term increases in shareholder value. For each of our NEOs, the profitability component is weighted 75% and the personal annual priorities component is weighted 25%. Component 1—Profitability: The profitability goal for the corporate NEOs, Messrs. Hanna and Pratt and Mses. Malek and Van Trease, is based 100% on the Company’s Adjusted EBITDA. For the division NEO, Mr. Hawkins, his profitability goal is based 90% on Adjusted EBITDA for the Mobile Modular division, and 10% is based on Division EBIT for the Enviroplex division. Adjusted EBITDA is calculated from results reported on the Company’s income statement, excluding one-time acquisition-related transaction costs disclosed by the Company in its annual