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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance

In accordance with rules adopted by the SEC, we provide the following disclosure regarding executive Compensation Actually Paid (“CAP”) (as calculated in accordance with SEC rules) and certain Company performance for the fiscal years listed below. See “Executive Compensation” in this Proxy Statement for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-end value of $100
invested on 12/31/2019 in:

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total for
Joseph Hanna
$

 

 

Compensation
Actually Paid
to Joseph
Hanna(1)(2)(3)
$

 

 

Average
Summary
Compensation
Table Total for
Non-CEO
NEOs(4)
$

 

 

Average
Compensation
Actually Paid to
Non-CEO
NEOs(1)(2)(3)(4)
$

 

 

MGRC
$

 

 

S&P 500
Industrials
Index
$

 

 

Net Income
(in millions)
$

 

 

Pre-Tax
Income (in
millions)
$

 

2024

 

 

5,337,471

 

 

 

4,343,165

 

 

 

1,409,629

 

 

 

1,263,606

 

 

 

162.65

 

 

 

176.44

 

 

 

231.7

 

 

 

313.6

 

2023

 

 

4,771,898

 

 

 

8,501,597

 

 

 

1,249,999

 

 

 

1,755,679

 

 

 

171.07

 

 

 

150.20

 

 

 

174.6

 

 

 

151.2

 

2022

 

 

3,121,167

 

 

 

4,871,184

 

 

 

1,029,825

 

 

 

1,480,971

 

 

 

138.54

 

 

 

127.15

 

 

 

115.1

 

 

 

150.0

 

2021

 

 

3,261,680

 

 

 

4,386,308

 

 

 

969,855

 

 

 

1,277,750

 

 

 

110.13

 

 

 

134.52

 

 

 

89.7

 

 

 

121.8

 

2020

 

 

2,668,399

 

 

 

1,108,518

 

 

 

857,107

 

 

 

360,892

 

 

 

90.04

 

 

 

111.06

 

 

 

102.0

 

 

 

132.0

 

 

(1)
Deductions from, and additions to, total compensation in the “Summary Compensation Table” by year to calculate CAP include:

 

 

2024

 

 

 

 

 

Joseph Hanna

 

 

Average Non-CEO
NEOs

 

Total Compensation from Summary Compensation Table

 

$

5,337,471

 

 

$

1,409,629

 

Adjustments for Pension

 

 

 

 

 

 

Adjustment Summary Compensation Table Pension

 

$

—

 

 

$

—

 

Amount added for current year service cost

 

$

—

 

 

$

—

 

Amount added for prior service cost impacting current year

 

$

—

 

 

$

—

 

Total Adjustments for Pension

 

$

—

 

 

$

—

 

Adjustments for Equity Awards

 

 

 

 

 

 

Adjustment for Grant Date Values in the Summary Compensation Table

 

$

—

 

 

$

—

 

Grant Date Fair Value of Equity Awards Granted in Fiscal Year

 

$

(3,299,858

)

 

$

(624,812

)

Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year

 

$

2,954,284

 

 

$

559,380

 

Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years

 

$

(697,888

)

 

$

(89,433

)

Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year

 

$

—

 

 

$

—

 

Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year

 

$

(84,017

)

 

$

(15,534

)

Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year

 

$

—

 

 

$

—

 

Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation

 

$

133,172

 

 

$

24,377

 

Total Adjustments for Equity Awards

 

$

(994,306

)

 

$

(146,023

)

Compensation Actually Paid (as calculated)

 

$

4,343,165

 

 

$

1,263,606

 

 

 

(2)
The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table, except that as of the end of 2024, the fair value calculations of the PSUs granted in 2022 assumed a payout at maximum, and the PSUs granted in 2023 assumed a payout between target and maximum, in each case as compared to the grant date fair value calculations which assumed a payout at target.
(3)
Non-CEO NEOs reflect the average “Summary Compensation Table” total compensation and average CAP for the following executives by year:

2024: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina

2023: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina

2022: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina

2021: Pratt, Keith; Hawkins, Philip; Lieffrig, John; Craft, Melodie

2020: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina

       
Company Selected Measure Name Pre-TaxIncome        
Named Executive Officers, Footnote
(3)
Non-CEO NEOs reflect the average “Summary Compensation Table” total compensation and average CAP for the following executives by year:

2024: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina

2023: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina

2022: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina

2021: Pratt, Keith; Hawkins, Philip; Lieffrig, John; Craft, Melodie

2020: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina

       
PEO Total Compensation Amount $ 5,337,471 $ 4,771,898 $ 3,121,167 $ 3,261,680 $ 2,668,399
PEO Actually Paid Compensation Amount $ 4,343,165 8,501,597 4,871,184 4,386,308 1,108,518
Adjustment To PEO Compensation, Footnote
(1)
Deductions from, and additions to, total compensation in the “Summary Compensation Table” by year to calculate CAP include:

 

 

2024

 

 

 

 

 

Joseph Hanna

 

 

Average Non-CEO
NEOs

 

Total Compensation from Summary Compensation Table

 

$

5,337,471

 

 

$

1,409,629

 

Adjustments for Pension

 

 

 

 

 

 

Adjustment Summary Compensation Table Pension

 

$

—

 

 

$

—

 

Amount added for current year service cost

 

$

—

 

 

$

—

 

Amount added for prior service cost impacting current year

 

$

—

 

 

$

—

 

Total Adjustments for Pension

 

$

—

 

 

$

—

 

Adjustments for Equity Awards

 

 

 

 

 

 

Adjustment for Grant Date Values in the Summary Compensation Table

 

$

—

 

 

$

—

 

Grant Date Fair Value of Equity Awards Granted in Fiscal Year

 

$

(3,299,858

)

 

$

(624,812

)

Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year

 

$

2,954,284

 

 

$

559,380

 

Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years

 

$

(697,888

)

 

$

(89,433

)

Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year

 

$

—

 

 

$

—

 

Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year

 

$

(84,017

)

 

$

(15,534

)

Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year

 

$

—

 

 

$

—

 

Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation

 

$

133,172

 

 

$

24,377

 

Total Adjustments for Equity Awards

 

$

(994,306

)

 

$

(146,023

)

Compensation Actually Paid (as calculated)

 

$

4,343,165

 

 

$

1,263,606

 

 

        
Non-PEO NEO Average Total Compensation Amount $ 1,409,629 1,249,999 1,029,825 969,855 857,107
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,263,606 1,755,679 1,480,971 1,277,750 360,892
Adjustment to Non-PEO NEO Compensation Footnote
(1)
Deductions from, and additions to, total compensation in the “Summary Compensation Table” by year to calculate CAP include:

 

 

2024

 

 

 

 

 

Joseph Hanna

 

 

Average Non-CEO
NEOs

 

Total Compensation from Summary Compensation Table

 

$

5,337,471

 

 

$

1,409,629

 

Adjustments for Pension

 

 

 

 

 

 

Adjustment Summary Compensation Table Pension

 

$

—

 

 

$

—

 

Amount added for current year service cost

 

$

—

 

 

$

—

 

Amount added for prior service cost impacting current year

 

$

—

 

 

$

—

 

Total Adjustments for Pension

 

$

—

 

 

$

—

 

Adjustments for Equity Awards

 

 

 

 

 

 

Adjustment for Grant Date Values in the Summary Compensation Table

 

$

—

 

 

$

—

 

Grant Date Fair Value of Equity Awards Granted in Fiscal Year

 

$

(3,299,858

)

 

$

(624,812

)

Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year

 

$

2,954,284

 

 

$

559,380

 

Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years

 

$

(697,888

)

 

$

(89,433

)

Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year

 

$

—

 

 

$

—

 

Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year

 

$

(84,017

)

 

$

(15,534

)

Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year

 

$

—

 

 

$

—

 

Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation

 

$

133,172

 

 

$

24,377

 

Total Adjustments for Equity Awards

 

$

(994,306

)

 

$

(146,023

)

Compensation Actually Paid (as calculated)

 

$

4,343,165

 

 

$

1,263,606

 

 

        
Equity Valuation Assumption Difference, Footnote The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table, except that as of the end of 2024, the fair value calculations of the PSUs granted in 2022 assumed a payout at maximum, and the PSUs granted in 2023 assumed a payout between target and maximum, in each case as compared to the grant date fair value calculations which assumed a payout at target.        
Compensation Actually Paid vs. Total Shareholder Return

img167956999_0.jpg

        
Compensation Actually Paid vs. Net Income

img167956999_1.jpg

        
Compensation Actually Paid vs. Company Selected Measure

img167956999_2.jpg

        
Total Shareholder Return Vs Peer Group

img167956999_0.jpg

        
Tabular List, Table

Most Important Performance Measures

In our assessment, the most important performance measures used to link CAP (as calculated in accordance with the SEC rules) to Company performance are listed in the table below. The role of each of these performance measures in our executive compensation program is discussed in “Executive Compensation Program Design” in this Proxy Statement.

 

 

Performance Measures

 

 

Pre-Tax Income

 

 

Adjusted EBITDA
       
Total Shareholder Return Amount $ 162.65 171.07 138.54 110.13 90.04
Peer Group Total Shareholder Return Amount 176.44 150.2 127.15 134.52 111.06
Net Income (Loss) $ 231,700,000 $ 174,600,000 $ 115,100,000 $ 89,700,000 $ 102,000,000
Company Selected Measure Amount 313,600,000 151,200,000 150,000,000 121,800,000 132,000,000
PEO Name Joseph Hanna        
Measure:: 1          
Pay vs Performance Disclosure          
Name Pre-Tax Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (994,306)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,299,858)        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (697,888)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,954,284        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (84,017)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 133,172        
PEO | Adjustments for Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Adjustment Summary Compensation Table Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Amount added for current year service cost [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Amount added for prior service cost impacting current year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (146,023)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (624,812)        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (89,433)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 559,380        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (15,534)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 24,377        
Non-PEO NEO | Adjustments for Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Adjustment Summary Compensation Table Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Amount added for current year service cost [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Amount added for prior service cost impacting current year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0