Sign in

    Matthew J. Flannery

    President and Chief Executive Officer at United Rentals Inc
    Board
    Since May 2019
    Age
    59 years
    Education
    Graduated from Hofstra University.
    Tenure
    Joined URI in 1998 and advanced through various roles from operational positions, including district manager and branch manager, to senior leadership as Executive Vice President and COO from 2012 to 2018, then promoted to President in 2018 and CEO in May 2019.

    Also at United Rentals Inc

    ABL
    Andrew B. Limoges
    Vice President, Controller, and Principal Accounting Officer
    ASL
    Anthony S. Leopold
    Senior Vice President, Chief Technology & Strategy Officer
    CAP
    Craig A. Pintoff
    Executive Vice President and Chief Administrative Officer

    About

    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.

    $URI Performance Under Matthew J. Flannery

    Past Roles

    OrganizationRoleDate RangeDetails
    United Rentals, Inc.Executive Vice President and Chief Operating OfficerApril 2012 - March 2018Role ended due to promotion to President and CEO
    United Rentals, Inc.Executive Vice President—Operations and SalesPrior to April 2012
    United Rentals, Inc.Senior Vice President—Operations EastPrior to April 2012
    United Rentals, Inc.Regional Vice President in Aerial OperationsDates not providedTwo roles held
    United Rentals, Inc.District ManagerDates not provided
    United Rentals, Inc.District Sales ManagerDates not provided
    United Rentals, Inc.Branch ManagerDates not provided

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,100,000AnnualEffective April 1, 2023; increased from $1,050,000
    401(k) Matching Contributions$4,000AnnualIncluded in All Other Compensation
    Supplemental Life Insurance$8,505AnnualIncluded in All Other Compensation
    Individual Disability Insurance$6,121AnnualIncluded in All Other Compensation
    Executive Health Program$4,650AnnualIncluded in All Other Compensation

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    ComponentAmountAdditional Details
    Threshold$815,753Set as the minimum performance level
    Target$1,631,507Standard performance level
    Maximum$3,589,315Cap on payout based on performance

    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)

    Performance MetricThresholdTargetMaximumAdditional Details
    Total Revenue$13,049 million$14,225 million$14,897 million50% weighting; actual result: $14,342 million (117.5% of target)
    ROIC11.31%13.55%14.80%50% weighting; actual result: 13.63% (106.5% of target)

    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