Companies WillScot Holdings Corp
WillScot (WSC): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me WillScot Holdings Corp’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
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
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Bradley Soultz | $1,018,618 | $0 | $5,293,974 | $0 | $501,788 | $0 | $3,076,380 | $9,890,760 |
| Chief Executive Officer | ||||||||
| Timothy Boswell | 794,546 | 0 | 2,588,158 | 1,032,910 | 328,411 | 0 | 18,882 | 4,762,907 |
| President Chief Operating Officer | ||||||||
| Hezron Lopez | 587,605 | 0 | 1,764,643 | 0 | 194,501 | 0 | 69,522 | 2,616,271 |
| EVP, Chief Legal & Compliance Officer & ESG | ||||||||
| Felicia Gorcyca | 478,260 | 0 | 1,351,831 | 0 | 118,731 | 0 | 18,528 | 1,967,349 |
| EVP, Chief Human Resources Officer | ||||||||
| Matthew Jacobsen | 544,294 | 0 | 1,176,444 | 0 | 153,532 | 0 | 18,549 | 1,892,819 |
| 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Bradley Soultz | $9,890,760 | $7,194,436 | $8,391,649 | ↑ +2,696,324 |
| Timothy Boswell | 4,762,907 | 3,243,205 | 3,905,461 | ↑ +1,519,702 |
| Hezron Lopez | 2,616,271 | 2,711,889 | 3,545,425 | ↓ −95,618 |
| Felicia Gorcyca | 1,967,349 | 2,096,236 | 457,027 | ↓ −128,887 |
| Matthew Jacobsen | 1,892,819 | — | — | — |
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 consultant | Pay Governance |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Felicia Gorcyca | RSU | 2025-02-24 | — | — | 6,379 | — | $225,000 |
| Timothy Boswell | RSU | 2025-02-24 | — | — | 18,713 | — | 660,000 |
| Felicia Gorcyca | PSU | 2025-02-24 | 12,759 | 25,517 | — | 51,034 | 1,126,831 |
| Matthew Jacobsen | RSU | 2025-02-24 | — | — | 8,506 | — | 300,000 |
| Hezron Lopez | RSU | 2025-02-24 | — | — | 12,759 | — | 450,000 |
| Timothy Boswell | PSU | 2025-02-24 | 21,832 | 43,663 | — | 87,326 | 1,928,158 |
| Hezron Lopez | PSU | 2025-02-24 | 14,885 | 29,770 | — | 59,540 | 1,314,643 |
| Bradley Soultz | PSU | 2025-02-24 | 44,656 | 89,311 | — | 178,622 | 3,943,974 |
| Bradley Soultz | RSU | 2025-02-24 | — | — | 38,276 | — | 1,350,000 |
| Matthew Jacobsen | PSU | 2025-02-24 | 9,924 | 19,847 | — | 39,694 | 876,444 |
| Timothy Boswell | OPTION | 2025-09-04 | — | — | 100,000 | — | 1,032,910 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Felicia Gorcyca | $225,000 | $1,126,831 | $0 | 83.4% |
| Timothy Boswell | 660,000 | 1,928,158 | 1,032,910 | 53.2% |
| Matthew Jacobsen | 300,000 | 876,444 | 0 | 74.5% |
| Hezron Lopez | 450,000 | 1,314,643 | 0 | 74.5% |
| Bradley Soultz | 1,350,000 | 3,943,974 | 0 | 74.5% |
% 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
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Felicia Gorcyca | RSU | 9,846 | — | $185,400 |
| Matthew Jacobsen | RSU | 13,272 | — | 249,912 |
| Hezron Lopez | RSU | 24,619 | — | 463,576 |
| Timothy Boswell | RSU | 36,154 | — | 680,780 |
| Matthew Jacobsen | PSU | 43,321 | — | 815,734 |
| Felicia Gorcyca | PSU | 44,472 | — | 837,408 |
| Hezron Lopez | PSU | 79,208 | — | 1,491,487 |
| Bradley Soultz | RSU | 81,877 | — | 1,541,744 |
| Timothy Boswell | Option | 100,000 | 23.39 | — |
| Timothy Boswell | PSU | 337,536 | — | 6,355,803 |
| Bradley Soultz | PSU | 528,732 | — | 9,956,024 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| 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-election | 117,500 | 150,000 | 0 | — | 0 | 267,500 |
| Natalia N. JohnsonIndependent · Audit · Compensation (Chair) | 112,500 | 150,000 | 0 | — | 0 | 262,500 |
| Rebecca L. OwenIndependent · Compensation · Nominating and Corporate Governance (Chair) | 102,500 | 150,000 | 0 | — | 0 | 252,500 |
| Gerard E. HolthausIndependent · Audit · Nominating and Corporate Governance | 96,000 | 150,000 | 0 | — | 0 | 246,000 |
| Michael W. UpchurchIndependent · Audit · Nominating and Corporate Governance | 96,000 | 150,000 | 0 | — | 0 | 246,000 |
| Erika T. DavisIndependent · Compensation · Nominating and Corporate Governance | 93,500 | 150,000 | 0 | — | 0 | 243,500 |
| Jeff SaganskyIndependent · Compensation · Nominating and Corporate Governance | 93,500 | 150,000 | 0 | — | 0 | 243,500 |
| Dominick ZarconeIndependent · Audit | 90,000 | 150,000 | 0 | — | 0 | 240,000 |
| 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
| Component | FY2025 |
|---|---|
| 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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | RB Global, Inc. | 2025 | David Baszucki | $0 | $22,669,163 | $0 | $0 | $24,565,995 |
| 2 | Iron Mountain Incorporated | 2025 | William Meaney | 1,195,702 | 11,401,832 | 2,099,985 | 2,273,000 | 17,047,480 |
| 3 | Republic Services. Inc. | 2025 | Jon Vander Ark | 1,302,692 | 11,124,489 | 0 | 1,982,664 | 14,857,016 |
| 4 | Extra Space Storage Inc. | 2025 | Joseph Margolis | 940,000 | 11,138,715 | 0 | 1,616,213 | 14,186,887 |
| 5 | United Rentals, Inc. | 2025 | Matthew Flannery | 1,187,671 | 9,080,474 | 0 | 1,767,656 | 12,057,571 |
| 6 | WillScot Holdings Corp | 2025 | Bradley Soultz | 1,018,618 | 5,293,974 | 0 | 501,788 | 9,890,760 |
| 7 | Air Lease Corporation | 2025 | John Plueger | 1,000,000 | 5,313,829 | 0 | 2,820,000 | 9,399,534 |
| 8 | Lamar Advertising Company | 2025 | Sean Reilly | 900,000 | 5,838,000 | 0 | 720,000 | 8,463,353 |
| 9 | Gatx Corporation | 2025 | Robert Lyons | 991,667 | 2,281,830 | 2,302,105 | 1,012,093 | 8,178,380 |
| 10 | Stericycle, Inc. | 2023 | Cindy Miller | 1,068,860 | 4,911,951 | 0 | 1,307,021 | 7,290,832 |
| 11 | Clean Harbors, Inc. | 2025 | Eric Gerstenberg | 1,000,000 | 3,197,110 | 0 | 1,719,000 | 5,929,422 |
| 12 | UniFirst Corporation | 2025 | Steven Sintros | 941,901 | 1,350,196 | 450,011 | 765,294 | 3,738,214 |
| 13 | Americold Realty Trust | 2025 | Robert Chambers | 708,068 | 1,907,227 | 0 | 694,073 | 3,524,308 |
| 14 | Casella Waste Systems, Inc. | 2025 | Edmond Coletta | 615,134 | 1,644,377 | 0 | 553,619 | 2,830,523 |
| — | 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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| WillScot Holdings Corp | not disclosed | PRSU 70 · RSU 30 | not disclosed | Pay Governance |
| Air Lease Corporation | not disclosed | PRSU 50 · RSU 25 | not disclosed | Exequity |
| Americold Realty Trust | not disclosed | not disclosed | Yes — relative TSR | Meridian Compensation Partners, LLC |
| Casella Waste Systems, Inc. | not disclosed | PSU 75 · RSU 25 | No | Pay Governance |
| Clean Harbors, Inc. | not disclosed | not disclosed | No | Meridian Compensation Partners |
| Extra Space Storage Inc. | 98.25% | PSU 75 · RSU 25 | Yes — Relative TSR | Meridian |
| Gatx Corporation | not disclosed | not disclosed | not disclosed | Pay Governance LLC |
| GFL Environmental Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Herc Holdings Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Iron Mountain Incorporated | 105.5% | PSU 85 · Options 15 | Yes — Relative TSR vs MSCI US REIT Index | Pay Governance LLC |
| Lamar Advertising Company | 80% | LTIP Units 100 | No | not disclosed |
| RB Global, Inc. | not disclosed | PSU 75 · RSU 25 | No | FW Cook |
| Republic Services. Inc. | 91.79% | PSU 80 · RSU 20 | No | Pearl Meyer & Partners, LLC |
| Stericycle, Inc. | 94% | PSU 55 · RSU 45 | No | Pay Governance LLC |
| Tricon International Limited | not disclosed | not disclosed | not disclosed | not disclosed |
| UniFirst Corporation | 81.3% | not disclosed | No | Meridian Compensation Partners |
| United Rentals, Inc. | 99.2% | PSU 80 · RSU 20 | No | Pearl 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 year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-05 | 162,254,222 | 4,185,472 | 121,614 | 97.41% | Passed |
| 2025 | 2025-06-06 | 163,889,123 | 2,413,805 | 1,646,838 | 97.58% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-05 | 97.41%a |
| 2025 | 2025-06-06 | 97.58%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 ↗