Page 68 - Martin Marietta - 2024 Proxy Statement

COMPENSATION DISCUSSION AND ANALYSIS / 2023 ACTUAL INCENTIVE CASH EARNED

After the formulaic award percentage was determined for 2023 using the formula described above, an assessment of
individual performance was conducted by the Committee to allow for a potential positive or negative adjustment of up to
20% to the cash incentive award percentage for each executive. The individual executive goals considered in the
evaluation of potential discretionary adjustments for the NEOs are summarized in the following table:

Target Annual 2023 Target 2023 Actual
Incentive Bonus Annual Annual
NEO 2023 Individual Goals (% of Salary) Incentive* Incentive
C. Howard Nye • Drive continuous improvement in the Company’s 160% $2,056,000 $4,934,400
safety culture and performance
• Generate long-term value for shareholders
through development and execution of the
Company’s Strategic Operating Analysis and
Review (SOAR) Plan, organic and inorganic
growth, including prudent allocation of capital
• Ongoing delivery and execution of management
succession and development plans
• Management of enterprise challenges, including
ongoing leadership through the ongoing global
pandemic
James A. J. Nickolas • Effective development and oversight of financial 100% $ 680,500 $1,701,933
filings, audits and accounting
• Continue to develop and execute necessary plans
to ensure the strength of the Company’s balance
sheet
• Continue to develop the talent and capability of
finance team
Roselyn R. Bar • Effective management of the legal department, 100% $ 686,750 $1,717,480
including appropriate handling of compliance and
securities laws matters, annual and periodic
reporting, corporate governance, transactions,
and robust case assessment
• Provide oversight of ethics program as Chief
Ethics Officer
• Oversee Sustainability function
• Continue to improve processes and management
of Corporate Secretary function
Robert J. Cardin • Ensure accurate financial reporting in compliance 90% $ 387,506 $ 930,218
with regulatory standards and company policies
while maintaining effective internal controls over
financial reporting
• Effectively implement best practices to optimize
financial processes and enhance efficiencies
• Monitor changes in accounting standards,
regulations, and industry practices to ensure
compliance and assess potential impacts on the
organization
Michael J. Petro • Execute the Company’s strategic plan (SOAR) 90% $ 357,000 $ 892,725
while identifying new market opportunities and
business areas for growth
• Formulate strategic plans and initiatives to
capitalize on market opportunities while
mitigating risks
• Lead the evaluation and execution of strategic
acquisitions, partnerships, divestitures, and
alliances to support SOAR

* Based on actual base salary earned in 2023.

62 2024 PROXY STATEMENT