Page 63 - Martin Marietta - 2025 Proxy Statement

2024 ACTUAL INCENTIVE CASH EARNED / COMPENSATION DISCUSSION AND ANALYSIS

The table below summarizes the specific targets set for the 2024 annual cash incentive plan for Martin Marietta’s executive
officers (before the application of a potential 20% discretionary individual adjustment factor):

Guidance Goal/
Threshold Target Maximum
(Payout % of (Payout % of (Payout % of
% Weight Metric Performance Goals Target) Target) Target) Total Achieved
50% Adjusted Cash Metric Aligned with $1.560 billion $2.600 billion $2.790 billion $2.330 billion
Gross Profit* February Guidance (0%) (100%) (230%) (76%)
30% SG&A as a % of Metric Aligned with 8.00% 7.15% 6.75% 7.02%
Total Revenue** February Guidance (0%) (100%) (230%) (104%)
20% Safety & Execution of Safety: Execute Safety: 1 World Safety: Safety: Achieved
Sustainability Identified Safety & Recommendations Class Metric Continuous 2 World Class
Performance ESG Activities, World of Safety Task Sustainability: Improvement to Metrics executed
Class LTIR & TIIR Force; Threshold + Total Injury recommendation
Sustainability: Water Risk Incidence Rate of Safety Task
Submit to Assessment Sustainability: Force;
1 additional key (100%) Target + Continuous
public Continuous improvement to
index (50%) Improvement to Total Injury
Energy Usage Incidence Rate;
from Renewable / Sustainability:
Decrease Scope 2 Submittedto3
Emissions (230%) additional key
public indices;
Completed Water
Risk Assessment;
Achieved
continuous
improvements to
Energy Usage
from Renewable /
Decrease Scope 2
Emissions (230%)

* Adjusted Cash Gross Profit reflects sales growth and profitability and is correlated to share price. Adjustments to Cash Gross Profit
would include nonrecurring expenses, such as acquisition and discontinued operations expenses.
** SG&A as a Percentage of Total Revenue incentivizes management to properly balance SG&A investments to support business growth
and overall cost discipline.

The Company’s Adjusted Cash Gross Profit was below target for 2024 because of weather impacts, lower aggregates
volumes for the industry as a whole and a private construction slowdown. Based on the Company’s Adjusted Cash Gross
Profit of $2.330 billion and SG&A as a Percentage of Total Revenue of 7.02% in 2024, the 180% payout was earned for
the two financial metrics for the CEO and other NEOs. These two metrics make up 80% of the incentive formula. For the
remaining 20% of the incentive formula, the Company achieved world-class safety metrics for the year and successfully
executed its targeted sustainability activities. In response to the Company’s achievements of our safety metrics and
sustainability activities, a payout of 230% was determined by the Committee. As a result, the total formulaic award
percentage was 115%.

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