Page 90 - Martin Marietta - 2023 Proxy Statement

PAY VERSUS PERFORMANCE /

(4) 2022 “Compensation Actually Paid” to the PEO and the average “Compensation Actually Paid” to the NEOs reflect the following
adjustments from Total Compensation reported in the Summary Compensation Table:

Average for
PEO non-PEO NEOs
Total Reported in 2022 Summary Compensation Table (SCT) 12,784,251 2,438,871
Less, Value of Stock Awards Reported in SCT (7,316,720) (1,163,264)
Less, Change in Pension Value and Non-Qualified Deferred Compensation Earnings in SCT (1,266,898) (54,879)
Plus, Pension Service Cost 755,392 206,170
Plus, Year-End Value of Awards Granted in Fiscal Year that are Unvested and Outstanding 10,862,136 1,517,952
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding (4,734,115) (759,106)
Plus, FMV of Awards Granted this Year and that Vested this Year – 5,668
Plus, Change in Fair Value (from Prior Year-End) of Prior Year Awards that Vested this Year (4,631,315) (775,856)
Less, Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year – –
Total Adjustments (6,331,520) (1,023,315)
“Compensation Actually Paid” for Fiscal Year 2022 6,452,731 1,415,556

(5) 2021 “Compensation Actually Paid” to the PEO and the average “Compensation Actually Paid” to the NEOs reflect the following
adjustments from Total Compensation reported in the Summary Compensation Table:
Average for
PEO non-PEO NEOs
Total Reported in 2021 Summary Compensation Table (SCT) 14,939,587 2,739,108
Less, Value of Stock Awards Reported in SCT (8,485,027) (1,049,624)
Less, Change in Pension Value and Non-Qualified Deferred Compensation Earnings in SCT (2,873,669) (458,500)
Plus, Pension Service Cost 885,742 227,889
Plus, Year-End Value of Awards Granted in Fiscal Year that are Unvested and Outstanding 18,489,038 2,348,282
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding 9,249,830 1,789,807
Plus, FMV of Awards Granted this Year and that Vested this Year – 7,091
Plus, Change in Fair Value (from Prior Year-End) of Prior Year Awards that Vested this Year 6,826,316 1,023,199
Less, Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year – –
Total Adjustments 24,092,230 3,888,144
“Compensation Actually Paid” for Fiscal Year 2021 39,031,817 6,627,252

84 2023 PROXY STATEMENT