Page 89 - Martin Marietta - 2024 Proxy Statement

POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL / EXECUTIVE COMPENSATION

changed such that future grants of RSUs and PSUs will require termination of the executive’s employment in connection
with a Change of Control in order for accelerated vesting to occur.

Value of Payments Upon Termination. The following table shows the potential incremental value of payments to each
of our named executive officers upon termination, including in the event of a Change of Control of Martin Marietta,
assuming a December 31, 2023 termination date and, where applicable, using the NYSE closing price per share of our
common stock of $498.91 on December 29, 2023 (the last trading day of 2023).
Potential Incremental Value of Payments Upon Termination or Change of Control at December 31, 2023

Involuntary
Not-for-Cause
Retirement Termination Disability Death
Name Benefit or Payment 1 ($) ($) ($) ($) Change-of-Control
C. Howard Nye Cash Severance 2 14,355,000
Unvested RSUs 3 8,605,092 8,605,092 8,605,092 8,605,092
Unexercisable Stock Options
Unvested Incentive Stock Plan Units 4 2,070,477 263,214 2,070,477 2,070,477 2,070,477
PSUs 5 10,266,576 10,266,576 10,266,576 10,266,576
Retirement Plans 6 13,226,910
Health and Welfare Benefits 7 65,924
James A. J. Nickolas Cash Severance 2 4,670,895
Unvested RSUs 3 1,506,274 1,506,274 1,506,274 1,506,274
Unexercisable Stock Options
Unvested Incentive Stock Plan Units 4
PSUs 5 1,840,940 1,840,940 1,840,940 1,840,940
Retirement Plans 6 1,754,060 603,342 4,605,394
Health and Welfare Benefits 7 67,279
Roselyn R. Bar Cash Severance 2 5,279,550
Unvested RSUs 3 1,535,544 1,535,544 1,535,544 1,535,544
Unexercisable Stock Options
Unvested Incentive Stock Plan Units 4 914,502 196,612 914,502 914,502 914,502
PSUs 5 1,869,109 1,869,109 1,869,109 1,869,109
Retirement Plans 6 4,353,723
Health and Welfare Benefits 7 16,484
Robert J. Cardin Cash Severance 2 2,440,797
Unvested RSUs 3 1,320,770 1,320,770 1,320,770 1,320,770
Unexercisable Stock Options
Unvested Incentive Stock Plan Units 4
PSUs 5 900,421 900,421 900,421 900,421
Retirement Plans 6 884,362 1,319,269
Health and Welfare Benefits 7 63,180
Michael J. Petro Cash Severance 2 2,545,059
Unvested RSUs 3 1,980,003 1,980,003 1,980,003 1,980,003
Unexercisable Stock Options
Unvested Incentive Stock Plan Units 4 108,263 13,763 108,263 108,263 108,263
PSUs 5 929,333 929,333 929,333 929,333
Retirement Plans 6 515,228 2,870,137
Health and Welfare Benefits 7 21,652

1 The table does not include information with respect to plans or arrangements that are available generally to all salaried employees and that do not discriminate in favor of
executive officers. The table reflects the incremental value over the amounts to which the named executive officer would have been entitled on a voluntary resignation on
December 31, 2023.

MARTIN MARIETTA 83