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Companies WillScot Holdings Corp

WillScot (WSC): executive pay, fiscal 2025

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CEO total pay$9,890,760CEO Bradley Soultz · source
Say-on-pay support97.41%Latest vote · source
CEO vs. named peers62nd pct.Of 16 peer CEOs
CEO pay ratio125:1To the median employee · source

CEO pay, last three years

  • $8,391,649FY2023
  • $7,194,436FY2024
  • $9,890,760FY2025

CEO total pay was $9,890,760 in fiscal 2025, up from $7,194,436 in fiscal 2024.

FY2025: salary $1,018,618 · bonus $0 · stock awards $5,293,974 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at WillScot Holdings Corp in fiscal 2025?
As disclosed, Bradley Soultz (Chief Executive Officer) was the highest-paid executive at WillScot Holdings Corp in fiscal 2025, with total compensation of $9,890,760.
How does WillScot Holdings Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Bradley Soultz's total compensation ranked at the 62nd percentile of WillScot Holdings Corp's disclosed peer group.
What is WillScot Holdings Corp's CEO-to-median employee pay ratio?
As disclosed, WillScot Holdings Corp's CEO-to-median employee pay ratio was 125:1.
How did shareholders vote on WillScot Holdings Corp's executive compensation?
As disclosed, 97.41% of shareholders supported WillScot Holdings Corp's executive compensation in the latest say-on-pay vote.
How much does WillScot Holdings Corp spend in total on board compensation for fiscal 2025?
As disclosed, WillScot Holdings Corp reported total board compensation of $3,663,327 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bradley Soultz$1,018,618$0$5,293,974$0$501,788$0$3,076,380$9,890,760
Chief Executive Officer
Timothy Boswell794,54602,588,1581,032,910328,411018,8824,762,907
President Chief Operating Officer
Hezron Lopez587,60501,764,6430194,501069,5222,616,271
EVP, Chief Legal & Compliance Officer & ESG
Felicia Gorcyca478,26001,351,8310118,731018,5281,967,349
EVP, Chief Human Resources Officer
Matthew Jacobsen544,29401,176,4440153,532018,5491,892,819
EVP, Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Bradley Soultz$9,890,760$7,194,436$8,391,649↑ +2,696,324
Timothy Boswell4,762,9073,243,2053,905,461↑ +1,519,702
Hezron Lopez2,616,2712,711,8893,545,425↓ −95,618
Felicia Gorcyca1,967,3492,096,236457,027↓ −128,887
Matthew Jacobsen1,892,819———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to link executives' pay to the Company's annual and long-term performance, and to successful execution of the Company's business strategies. The program also encourages high-performing executives to remain with the Company over the course of their careers.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Felicia GorcycaRSU2025-02-24——6,379—$225,000
Timothy BoswellRSU2025-02-24——18,713—660,000
Felicia GorcycaPSU2025-02-2412,75925,517—51,0341,126,831
Matthew JacobsenRSU2025-02-24——8,506—300,000
Hezron LopezRSU2025-02-24——12,759—450,000
Timothy BoswellPSU2025-02-2421,83243,663—87,3261,928,158
Hezron LopezPSU2025-02-2414,88529,770—59,5401,314,643
Bradley SoultzPSU2025-02-2444,65689,311—178,6223,943,974
Bradley SoultzRSU2025-02-24——38,276—1,350,000
Matthew JacobsenPSU2025-02-249,92419,847—39,694876,444
Timothy BoswellOPTION2025-09-04——100,000—1,032,910

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Felicia Gorcyca$225,000$1,126,831$083.4%
Timothy Boswell660,0001,928,1581,032,91053.2%
Matthew Jacobsen300,000876,444074.5%
Hezron Lopez450,0001,314,643074.5%
Bradley Soultz1,350,0003,943,974074.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Felicia GorcycaRSU9,846—$185,400
Matthew JacobsenRSU13,272—249,912
Hezron LopezRSU24,619—463,576
Timothy BoswellRSU36,154—680,780
Matthew JacobsenPSU43,321—815,734
Felicia GorcycaPSU44,472—837,408
Hezron LopezPSU79,208—1,491,487
Bradley SoultzRSU81,877—1,541,744
Timothy BoswellOption100,00023.39—
Timothy BoswellPSU337,536—6,355,803
Bradley SoultzPSU528,732—9,956,024
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Worthing F. JackmanEmployee director · Board Chair$233,077$1,385,000$1,277,600—$43,750$2,889,427
Mark S. BartlettIndependent · Audit · Compensation · Not standing for re-election117,500150,0000—0267,500
Natalia N. JohnsonIndependent · Audit · Compensation (Chair)112,500150,0000—0262,500
Rebecca L. OwenIndependent · Compensation · Nominating and Corporate Governance (Chair)102,500150,0000—0252,500
Gerard E. HolthausIndependent · Audit · Nominating and Corporate Governance96,000150,0000—0246,000
Michael W. UpchurchIndependent · Audit · Nominating and Corporate Governance96,000150,0000—0246,000
Erika T. DavisIndependent · Compensation · Nominating and Corporate Governance93,500150,0000—0243,500
Jeff SaganskyIndependent · Compensation · Nominating and Corporate Governance93,500150,0000—0243,500
Dominick ZarconeIndependent · Audit90,000150,0000—0240,000
Timothy BoswellEmployee director—————0
Bradley SoultzEmployee director · Not standing for re-election · Departed during FY—————0

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 22,500 / 15,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,034,577
Equity awards (grant-date value)$2,585,000
All other compensation$43,750
Total cost of the board$3,663,327

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names WillScot as a peer

Companies that benchmark against WSC

7 companies name WSC as a compensation peer

The list of companies that name WSC as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1RB Global, Inc.2025David Baszucki$0$22,669,163$0$0$24,565,995
2Iron Mountain Incorporated2025William Meaney1,195,70211,401,8322,099,9852,273,00017,047,480
3Republic Services. Inc.2025Jon Vander Ark1,302,69211,124,48901,982,66414,857,016
4Extra Space Storage Inc.2025Joseph Margolis940,00011,138,71501,616,21314,186,887
5United Rentals, Inc.2025Matthew Flannery1,187,6719,080,47401,767,65612,057,571
6WillScot Holdings Corp2025Bradley Soultz1,018,6185,293,9740501,7889,890,760
7Air Lease Corporation2025John Plueger1,000,0005,313,82902,820,0009,399,534
8Lamar Advertising Company2025Sean Reilly900,0005,838,0000720,0008,463,353
9Gatx Corporation2025Robert Lyons991,6672,281,8302,302,1051,012,0938,178,380
10Stericycle, Inc.2023Cindy Miller1,068,8604,911,95101,307,0217,290,832
11Clean Harbors, Inc.2025Eric Gerstenberg1,000,0003,197,11001,719,0005,929,422
12UniFirst Corporation2025Steven Sintros941,9011,350,196450,011765,2943,738,214
13Americold Realty Trust2025Robert Chambers708,0681,907,2270694,0733,524,308
14Casella Waste Systems, Inc.2025Edmond Coletta615,1341,644,3770553,6192,830,523
—Tricon International Limited——————not in coverage universe
—GFL Environmental Inc.——————not in coverage universe
—Herc Holdings Inc.——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
WillScot Holdings Corpnot disclosedPRSU 70 · RSU 30not disclosedPay Governance
Air Lease Corporationnot disclosedPRSU 50 · RSU 25not disclosedExequity
Americold Realty Trustnot disclosednot disclosedYes — relative TSRMeridian Compensation Partners, LLC
Casella Waste Systems, Inc.not disclosedPSU 75 · RSU 25NoPay Governance
Clean Harbors, Inc.not disclosednot disclosedNoMeridian Compensation Partners
Extra Space Storage Inc.98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
Gatx Corporationnot disclosednot disclosednot disclosedPay Governance LLC
GFL Environmental Inc.not disclosednot disclosednot disclosednot disclosed
Herc Holdings Inc.not disclosednot disclosednot disclosednot disclosed
Iron Mountain Incorporated105.5%PSU 85 · Options 15Yes — Relative TSR vs MSCI US REIT IndexPay Governance LLC
Lamar Advertising Company80%LTIP Units 100Nonot disclosed
RB Global, Inc.not disclosedPSU 75 · RSU 25NoFW Cook
Republic Services. Inc.91.79%PSU 80 · RSU 20NoPearl Meyer & Partners, LLC
Stericycle, Inc.94%PSU 55 · RSU 45NoPay Governance LLC
Tricon International Limitednot disclosednot disclosednot disclosednot disclosed
UniFirst Corporation81.3%not disclosedNoMeridian Compensation Partners
United Rentals, Inc.99.2%PSU 80 · RSU 20NoPearl Meyer & Partners, LLC

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-05162,254,2224,185,472121,61497.41%Passed
20252025-06-06163,889,1232,413,8051,646,83897.58%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-0597.41%a
20252025-06-0697.58%b

a. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote "AGAINST" Proposal 3 and broker non-votes will have no effect on the results of the vote on Proposal 3.”.

b. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote "AGAINST" Proposal 3 and broker non-votes will have no effect on the results of the vote on this proposal.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)125 : 1
CEO total compensation$8,594,799
Median employee compensation$68,663
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (47 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Bradley Soultz. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 9,890,760. View filing ↗
  • Section 01, Timothy Boswell. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 4,762,907. View filing ↗
  • Section 01, Hezron Lopez. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 2,616,271. View filing ↗
  • Section 01, Felicia Gorcyca. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 1,967,349. View filing ↗
  • Section 01, Matthew Jacobsen. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 1,892,819. View filing ↗
  • Section 03, Felicia Gorcyca RSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Timothy Boswell RSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Felicia Gorcyca PSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Jacobsen RSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Hezron Lopez RSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Timothy Boswell PSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Hezron Lopez PSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Bradley Soultz PSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Bradley Soultz RSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Jacobsen PSU. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Timothy Boswell OPTION. DEF 14A, filed 2026-04-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2023-04-17. Section “CEO Pay Ratio”. As printed: 125 : 1. View filing ↗
  • Section 08, Worthing F. Jackman. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 2,889,427. View filing ↗
  • Section 08, Mark S. Bartlett. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 267,500. View filing ↗
  • Section 08, Natalia N. Johnson. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 262,500. View filing ↗
  • Section 08, Rebecca L. Owen. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 252,500. View filing ↗
  • Section 08, Gerard E. Holthaus. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 246,000. View filing ↗
  • Section 08, Michael W. Upchurch. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 246,000. View filing ↗
  • Section 08, Erika T. Davis. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 243,500. View filing ↗
  • Section 08, Jeff Sagansky. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 243,500. View filing ↗
  • Section 08, Dominick Zarcone. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 240,000. View filing ↗
  • Section 08, Timothy Boswell. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Bradley Soultz. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-08. Item 5.07 · say-on-pay result. As reported: 97.41% (votes for as printed: 162,254,222). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-09. Item 5.07 · say-on-pay result. As reported: 97.58% (votes for as printed: 163,889,123). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,034,577 + equity 2,585,000 + all other 43,750 = 3,663,327, summed across the director compensation table rows.
  • RB Global, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in RB Global, Inc.'s own proxy. As printed: 24,565,995. View filing ↗
  • Iron Mountain Incorporated, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Iron Mountain Incorporated's own proxy. As printed: 17,047,480. View filing ↗
  • Republic Services. Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Republic Services. Inc.'s own proxy. As printed: 14,857,016. View filing ↗
  • Extra Space Storage Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Extra Space Storage Inc.'s own proxy. As printed: 14,186,887. View filing ↗
  • United Rentals, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in United Rentals, Inc.'s own proxy. As printed: 12,057,571. View filing ↗
  • WillScot Holdings Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in WillScot Holdings Corp's own proxy. As printed: 9,890,760. View filing ↗
  • Air Lease Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Air Lease Corporation's own proxy. As printed: 9,399,534. View filing ↗
  • Lamar Advertising Company, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Lamar Advertising Company's own proxy. As printed: 8,463,353. View filing ↗
  • Gatx Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Gatx Corporation's own proxy. As printed: 8,178,380. View filing ↗
  • Stericycle, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-05. CEO total compensation as printed in Stericycle, Inc.'s own proxy. As printed: 7,290,832. View filing ↗
  • Clean Harbors, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Clean Harbors, Inc.'s own proxy. As printed: 5,929,422. View filing ↗
  • UniFirst Corporation, Section 10b CEO total. DEF 14A, filed 2025-11-24. CEO total compensation as printed in UniFirst Corporation's own proxy. As printed: 3,738,214. View filing ↗
  • Americold Realty Trust, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Americold Realty Trust's own proxy. As printed: 3,524,308. View filing ↗
  • Casella Waste Systems, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Casella Waste Systems, Inc.'s own proxy. As printed: 2,830,523. View filing ↗
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