Page 70 - Martin Marietta - 2021 Proxy Statement

Executive Compensation

Executive Officer Compensation
The following tables show annual and long-term compensation, for services in all capacities to Martin Marietta, earned by
the Chief Executive Officer, the Chief Financial Officer, and the three other most highly compensated executive officers in
2020, which we refer to collectively in this Proxy Statement as the “named executive officers” or “NEOs.” These tables
and the accompanying narratives should be read in conjunction with the Compensation Discussion and Analysis section of
this Proxy Statement, which provides a detailed overview of the methods used by Martin Marietta to compensate its
officers, including the named executive officers.

Summary Compensation Table

The table below summarizes the total compensation paid to or earned by each of the named executive officers for the
fiscal years set forth below. Martin Marietta has not entered into any employment agreements with any of the named
executive officers.

Summary Compensation Table
Change in
Pension Value and
Non-Qualified
Non-Equity Deferred All Other
Name and Bonus Stock Option Incentive Plan Compensation Compensation
Principal Position Year Salary ($) 1 ($) Awards ($) 2 Awards ($) 3 Compensation ($) 4 Earnings ($) 5 ($) 6 Total ($)
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j)
C. Howard Nye 2020 1,212,500 6,751,124 1,650,000 3,172,259 32,705 12,818,588
Chairman, President
2019 1,141,667 6,294,708 1,450,000 3,073,183 238,800 12,198,358
and CEO
2018 1,090,833 5,046,900 1,050,000 1,235,634 110,091 8,533,458
James A. J. Nickolas 2020 558,333 1,000,155 636,625 306,951 29,682 2,531,747
Senior Vice President
2019 518,967 1,100,171 529,346 240,591 32,587 2,421,662
and CFO
2018 485,667 899,577 451,670 91,960 84,393 2,013,267
Roselyn R. Bar 2020 586,667 1,173,894 689,984 1,618,248 31,368 4,100,161
Executive Vice President,
2019 565,417 1,301,753 585,772 2,153,409 79,931 4,686,282
General Counsel and
Corporate Secretary 2018 537,783 1,073,594 496,912 940,466 52,958 3,101,713
Craig M. LaTorre 7 2020 491,667 769,024 550,728 270,763 25,627 2,107,809
Senior Vice President, Chief
2019 456,250 736,506 419,050 142,339 21,305 1,775,450
Human Resource Officer
Daniel L. Grant 2020 407,750 453,287 570,902 271,947 29,680 1,733,566
Senior Vice President,
2019 394,417 631,506 353,398 317,458 56,555 1,753,334
Strategy & Development
2018 380,383 527,756 308,871 163,952 41,967 1,422,929
1 The amounts in column (c) reflect the base salary actually paid.
2 No amounts that qualify as bonuses were payable during the last three years. The amounts in column (e) reflect the aggregate grant date fair value of awards made in the
year reported, determined in accordance with FASB ASC Topic 718 (without any assumption for early forfeiture), of awards of RSUs and awards of PSUs, which are described
in more detail on pages 54 to 58 under the heading “2020 Long-Term Incentive Compensation.” The amounts included in the table reflects the value of the units granted,
which are subject to forfeiture if the executive does not remain in the employment of Martin Marietta for the requisite time period (generally three years) or if Martin
Marietta does not achieve the performance criteria, where applicable. The amounts reported include the amounts of cash bonuses deferred in common stock units by each
named executive officer pursuant to Martin Marietta’s Incentive Stock Plan, which is discussed in further detail on page 54 under the heading “Annual Incentive Feature:
Stock Purchase Plan”. The amount in column (e) includes PSUs based on the target level of performance. Assuming the maximum payout under the PSUs granted in 2020,
whose payout will be determined in February 2023 based on the Company’s performance in 2020-2022, the amounts reported above for 2020 would be as follows:
Mr. Nye, $7,563,153; Mr. Nickolas, $1,246,857; Ms. Bar, $1,301,959; Mr. LaTorre, $936,104; and Mr. Grant, $672,124. Assumptions used in the calculation of these
amounts are included in Note A to Martin Marietta’s audited financial statements for the fiscal year ended December 31, 2020, included in Martin Marietta’s Annual Report
on Form 10-K filed with the SEC on February 19, 2021. The amounts of cash bonus deferred in 2020 for each named executive officer are included in column (e) as follows:
Mr. Nye, $1,650,000; Mr. Nickolas, $159,156; Ms. Bar, $295,708; Mr. LaTorre, $137,682; and Mr. Grant, $0.
3 The Company does not issue SARs and has not granted any stock options since 2015. The Stock Plan prohibits share recycling for stock options or SARs.

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