Page 57 - Martin Marietta - 2023 Proxy Statement

/ SUMMARY OF OUR COMPENSATION CONSIDERATIONS

Our Employees

Martin Marietta’s diverse, engaged and dedicated workforce is our greatest asset, and the continuing well-being of our
employees is critically important for our success. We are committed to providing all employees with the programs,
resources, support and opportunity necessary to grow. We strive to create safe, healthy, diverse and highly engaging
workplaces and hope that our decisions in this area will extend far beyond our business, positively affecting people and
communities for generations to come.

We successfully onboarded more than 1,250 employees in California and Arizona in
mid-2022 after the conclusion of the transition services agreement from the 2021
acquisition of Lehigh Hanson’s West Region.

We continued to enhance our attractive offering of employee health, welfare and
retirement benefits, including a fully funded defined benefit pension plan. We
significantly increased the value of the pension retirement benefit offered to hourly
employees in 2022, and we added company-paid long-term disability insurance for
hourly workers for 2023.

Through a multi-channel communications campaign in 2022, we increased our
employees’ understanding and appreciation of Martin Marietta’s highly competitive
retirement benefits package.

We strengthened Martin Marietta’s presence on numerous social media platforms to
enhance our brand recognition and recruitment efforts.

Through these important efforts in 2022 and many more, we continued to build a compelling connection with current
and potential employees, increase the visibility and attractiveness of Martin Marietta as an employer of choice to
strengthen our talent pipeline, and increase employee engagement, development, morale and retention.

Importantly, we continued the efforts of our Inclusion and Engagement (I&E) Task Force in 2022. This group,
co-chaired by our Chairman and CEO and our Chief Human Resource Officer, is focused on ensuring that our culture is
welcoming to all current and future employees, as well as open to new and diverse thought. We believe that employee
engagement happens when we bring together exceptional and diverse talent with different backgrounds, genders,
ethnicities, qualifications, perspectives, experiences, voices and skills to ensure that we will consistently develop the best
ideas and advance our world-class ambition. Enabled by an inclusive environment where each person feels like they
belong, are valued and can speak up, engagement allows us to forge stronger, more productive connections fueled by
trust, compassion and authenticity. It ensures we pursue excellence and continuously improve – as ONE Team.

Importantly, our impactful achievements related to inclusion and engagement in 2022 included:
• Developed and launched an inclusion and engagement awareness communications campaign to help managers and
employees better understand why inclusion and engagement matters and how inclusion and engagement are already
ingrained in Martin Marietta’s culture and values. The campaign highlights that ensuring we maintain an inclusive and
engaging culture will help create a competitive advantage for the Company.

• Launched a dedicated section on our Company’s website highlighting Inclusion, Engagement and Diversity at Martin
Marietta.
• Developed guidelines and strategies to launch Martin Marietta’s first three Employee Resource Groups, supporting
veterans, women and diverse cultures, in early 2023.
• Joined the CEO Action for Diversity & Inclusion coalition.
• Elevated the Head of Inclusion and Engagement position to a vice president level.

MARTIN MARIETTA 51