Page 64 - Martin Marietta - 2025 Proxy Statement

COMPENSATION DISCUSSION AND ANALYSIS / 2024 ACTUAL INCENTIVE CASH EARNED

Using the formula described above, the formulaic award percentage was determined for 2024 and subsequently 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 2024 Target 2024 Actual
Incentive Bonus Annual Annual
NEO 2024 Individual Goals (% of Salary) Incentive* Incentive
C. Howard Nye • Drive continuous improvement in the Company’s 160% $2,056,000 $2,775,600
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
James A. J. Nickolas • Effective development and oversight of financial 100% $ 713,387 $ 963,132
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% $ 713,387 $ 963,132
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 execute the Company’s development
and sale of non-operating land
Robert J. Cardin • Ensure accurate financial reporting in compliance 90% $ 404,131 $ 545,638
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% $ 372,750 $ 503,269
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 2024.

58 2025 PROXY STATEMENT