United Rentals management check
URI · Industrials · Trading Companies & Distributors · CEO Matthew John Flannery
Filings as of
5 good · 1 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $360, against $175 for the peer group the company picked itself.
- Flag
Does pay follow performance?
Pay moved against returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.54 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.5% of net income$12.1m of reported pay in fiscal 2025, against $2.5bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 8.2 years of payThe CEO holds 99,980.275 shares, directly or through trusts (unvested awards not counted): about 8.2 years of pay. 5 insiders sold $27.3m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.0% a year over the last three fiscal years. Stock-based pay was 3.6% of revenue in the latest year.
- Good
Is leadership stable?
2 leadership filings in 3 yearsCEO in the pay table: Mr. Flannery. 2 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 55 | |
| Pay for performance | 23 | 86 | |
| CEO cost | 76 | 48 | |
| Skin in the game | 61 | 55 | |
| Dilution | 88 | 62 | |
| Stable leadership | 100 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Trading Companies & Distributors, by management score. United Rentals is 10th of 81 in its sector.
- 60FERGFerguson Enterprises79
- 64DALDelta Air Lines79
- 73MASMasco78
- 77URIUnited Rentals78
- 78CTASCintas78
- 407FASTFastenal52
Pay versus performance
From the proxy statement filed March 25, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Flannery | $12.1m | $19.0m | $3.4m | $360 | $175 | $2.5bn |
| 2024 | Mr. Flannery | $13.1m | $14.8m | $3.3m | $311 | $149 | $2.6bn |
| 2023 | Mr. Flannery | $11.0m | $19.6m | $2.9m | $251 | $129 | $2.4bn |
| 2022 | Mr. Flannery | $12.4m | $18.1m | $2.9m | $153 | $111 | $2.1bn |
| 2021 | Mr. Flannery | $12.7m | $23.4m | $3.9m | $143 | $119 | $1.4bn |
The board says pay is tied most to adjusted EBITDA. Its other key measures: Adjusted EBITDA, Total Revenue, Economic Profit, ROIC, Stock Price Performance.
Insiders and the CEO's stake
Matthew John Flannery (President & CEO) held 99,980.275 shares directly after their latest Form 4 on Apr 24, 2026, roughly $98.5m at that filing's price.
5 insiders sold $27.3m in the last six months and none bought.
- SoldMatthew John FlanneryPresident & CEO$22.4mApr 24, 2026
- SoldCraig Adam PintoffEVP, Chief Admin. Officer$2.4mApr 27, 2026
- SoldWilliam E. GraceEVP, CFO$1.7mJul 24, 2026
- SoldAndrew B. LimogesVP, Controller$536kApr 24, 2026
Leadership and governance on file
- Feb 4, 2026Leadership change8-K 5.02
- Jan 17, 2025Leadership change8-K 5.02
- Aug 28, 2023Leadership change8-K 5.02
- Nov 7, 2022Leadership change8-K 5.02
- Oct 11, 2022Leadership change8-K 5.02
- Jul 22, 2022Leadership change8-K/A 5.02
- Jun 14, 2022Leadership change8-K 5.02
- Mar 7, 2022Leadership change8-K 5.02
- Nov 10, 2021Leadership change8-K 5.02
Latest shareholder vote results: May 8, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $7.0bn returned to owners in buybacks and dividends, 64% of net income, and $586.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.3bn | $2.5bn | $3.4bn | $3.6bn | $3.7bn |
| Net income | $1.4bn | $2.1bn | $2.4bn | $2.6bn | $2.5bn |
| Stock-based pay | $119.0m | $127.0m | $94.0m | $112.0m | $134.0m |
| Buybacks | $34.0m | $1.1bn | $1.1bn | $1.6bn | $2.0bn |
| Dividends | $0 | $0 | $406.0m | $434.0m | $464.0m |
| Diluted shares | 73m | 71m | 69m | 67m | 65m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.