Matthew J. Flannery

Matthew J. Flannery has built a long and distinguished career at United Rentals, beginning his journey with the company in 1998 as part of an acquisition, which provided him a foundation in operational roles. " " Over the years, he progressed from positions such as district manager, branch manager, to holding key leadership responsibilities.

His career advancement continued with his tenure as Executive Vice President and Chief Operating Officer from 2012 to 2018, reflecting his in-depth knowledge of the rental industry. In 2018, he was promoted to President and subsequently assumed the role of Chief Executive Officer in May 2019. " "

Beyond his professional achievements, his strategic vision and operational expertise have been instrumental in driving the company’s growth. His academic background, having graduated from Hofstra University, underpins his successful journey in the competitive equipment rental market. " "

Non-Equity Incentive Plan Compensation

Performance Metrics:

• Financial and non-financial objectives including environmental (GHG emissions intensity reduction), customer sustainability (NPS, digital adoption), social measures (employee safety/TRIR, diversity, employee retention) and individual key objectives aligned with business strategy. "
• Evaluation Period: Annual with payouts based on meeting established performance criteria. " "
• Vesting Schedule: Annual payout with no multi-year vesting. "
• Grant Date: March 2, 2023 "

Performance-Based RSUs (PRSUs)

Additional Details:

• Earned PRSUs: 112.0% of the target PRSUs were earned based on performance. "
• Grant Date: March 2, 2023 "
• Grant Date Fair Value: $1,866,400 for 3,966 PRSUs "
• Grant Date Stock Price: $470.60 "
• Vesting Schedule: Vests in one-third increments annually over a three-year performance cycle, with vesting percentages ranging from 0% to 200% of the target based on annual performance "
• Evaluation Period: Performance measured annually over a three-year period to determine vesting outcomes "