Page 70 - Martin Marietta - 2022 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
2021, 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 2021 1,275,000 8,485,027 2,275,000 2,873,669 30,891 14,939,587
Chairman, President 2020 1,212,500 6,751,124 1,650,000 3,172,259 32,705 12,818,588
and CEO
2019 1,141,667 6,294,708 1,450,000 3,073,183 238,800 12,198,358
James A. J. Nickolas 2021 585,833 1,153,505 856,965 258,325 30,742 2,885,370
Senior Vice President
2020 558,333 1,000,155 636,625 306,951 29,682 2,531,747
and CFO
2019 518,967 1,100,171 529,346 240,591 32,587 2,421,662
Roselyn R. Bar 2021 610,833 1,452,666 751,480 1,014,135 37,398 3,866,512
Executive Vice President,
2020 586,667 1,173,894 689,984 1,618,248 31,368 4,100,161
General Counsel and
Corporate Secretary 2019 565,417 1,301,753 585,772 2,153,409 79,931 4,686,282
CraigM. LaTorre 2021 512,333 1,002,288 552,000 252,524 22,056 2,341,201
Senior Vice President, Chief
2020 491,667 769,024 550,728 270,763 25,627 2,107,809
Human Resource Officer
2019 456,250 736,506 419,050 142,339 21,305 1,775,450
John P. Mohr 2021 402,667 590,038 540,000 309,014 21,629 1,863,348
Senior Vice President,
Chief Infromation Officer 7

1 The amounts in column (c) reflect the base salary actually paid.
2 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 “2021 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 2021, whose payout will be determined in February 2024 based on the Company’s
performance in 2021-2023, the amounts reported above for 2021 would be as follows: Mr. Nye, $9,928,373; Mr. Nickolas, $1,577,033; Ms. Bar, $1,643,870; Mr. LaTorre,
$1,181,928; and Mr. Mohr, $807,130. 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, 2021, included in Martin Marietta’s Annual Report on Form 10-K filed with the SEC on February 22, 2022. The amounts of cash bonus
deferred in 2021 for each named executive officer are included in column (e) as follows: Mr. Nye, $1,225,000; Mr. Nickolas, $0; Ms. Bar, $250,493; Mr. LaTorre, $138,000;
and Mr. Mohr, $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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