Company: MGRC
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056711
Chunk: 47

Company: MCGRATH RENTCORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 47
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 bonus amount calculated as follows: (i) for the profitability component, the target bonus amount, and (ii) for the priorities component, full satisfaction of the specified priorities. In the event of a change of control, the bonus will be prorated based on the number of days the named executive officer was employed prior to the change of control, with the bonus amount calculated as follows: (i) for the profitability component, the target bonus amount, and (ii) for the priorities component, full satisfaction of the specified priorities. 2024 Goals and Results: With respect to annual profitability goals: • Messrs. Hanna and Pratt and Mses. Malek and Van Trease’s Company profitability goal for Adjusted EBITDA was $349,676,000, and results achieved were $351,725,000, or 100.59% of plan, resulting in a 105.90% payout for this incentive compensation component. • Mr. Hawkins had a division-specific profitability goal for Adjusted EBITDA for Mobile Modular of $211,293,000. Results achieved were $229,160,000, or 108.46% of plan, resulting in a 184.60% payout for this incentive compensation component. Mr. Hawkins also had a division-specific profitability goal for Division EBIT for Enviroplex of $3,024,000. Results achieved were $4,402,000, or 145.57% of plan, resulting in a 200% payout for this incentive compensation component.

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With respect to personal annual priorities goals: • Mr. Hanna achieved 100% of his 2024 personal annual priorities goals, consisting of implementing and executing on the Company’s growth strategy, maximizing shareholder value, supporting the growth of the key Mobile Modular strategic initiatives, and land optimization. • Mr. Pratt achieved 100% of his 2024 personal annual priorities goals, consisting of supporting the Company’s growth strategy, maximizing shareholder value, and supporting the development of additional organizational strengths and capabilities. • Mr. Hawkins achieved 100% of his 2024 personal annual priorities goals, consisting of executing the Company’s core business initiatives and delivery of strategic initiatives. • Ms. Malek achieved 100% of her 2024 personal annual priorities goals, consisting of Corporate Secretary responsibilities, enhancements of risk management framework, oversight of corporate legal matters, and other organizational excellence initiatives. • Ms. Van Trease achieved 100% of her 2024 personal annual priorities