Yahoo Finance The Compensation For WillScot Mobile Mini Holdings Corp.'s (NASDAQ:WSC) CEO Looks Deserved And Here's Why
Key Insights
WillScot Mobile Mini Holdings to hold its Annual General Meeting on 7th of June
Total pay for CEO Brad Soultz includes US$967.7k salary
The overall pay is comparable to the industry average
WillScot Mobile Mini Holdings' EPS grew by 65% over the past three years while total shareholder return over the past three years was 42%
It would be hard to discount the role that CEO Brad Soultz has played in delivering the impressive results at WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) recently. Shareholders will have this at the front of their minds in the upcoming AGM on 7th of June. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.
View our latest analysis for WillScot Mobile Mini Holdings
Comparing WillScot Mobile Mini Holdings Corp.'s CEO Compensation With The Industry
According to our data, WillScot Mobile Mini Holdings Corp. has a market capitalization of US$7.5b, and paid its CEO total annual compensation worth US$8.4m over the year to December 2023. This means that the compensation hasn't changed much from last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$968k.
For comparison, other companies in the American Construction industry with market capitalizations ranging between US$4.0b and US$12b had a median total CEO compensation of US$7.8m. So it looks like WillScot Mobile Mini Holdings compensates Brad Soultz in line with the median for the industry. What's more, Brad Soultz holds US$27m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
Component | 2023 | 2022 | Proportion (2023) |
Salary | US$968k | US$935k | 12% |
Other | US$7.4m | US$7.7m | 88% |
Total Compensation | US$8.4m | US$8.6m | 100% |
Speaking on an industry level, nearly 20% of total compensation represents salary, while the remainder of 80% is other remuneration. It's interesting to note that WillScot Mobile Mini Holdings allocates a smaller portion of compensation to salary in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
A Look at WillScot Mobile Mini Holdings Corp.'s Growth Numbers
WillScot Mobile Mini Holdings Corp.'s earnings per share (EPS) grew 65% per year over the last three years. It achieved revenue growth of 5.7% over the last year.
This demonstrates that the company has been improving recently and is good news for the shareholders. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..
Has WillScot Mobile Mini Holdings Corp. Been A Good Investment?
We think that the total shareholder return of 42%, over three years, would leave most WillScot Mobile Mini Holdings Corp. shareholders smiling. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.
To Conclude...
Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.
We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. We did our research and identified 2 warning signs (and 1 which shouldn't be ignored) in WillScot Mobile Mini Holdings we think you should know about.
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
