Page 62 - Proxy Statement - 2020

Executive Compensation / Summary Compensation Table

included in Martin Marietta’s Annual Report on Form 10-K filed with the SEC on February 21, 2020. The amounts of cash bonus deferred in 2019 for
each named executive officer are included in column (e) as follows: Mr. Nye, $1,450,000; Mr. Nickolas, $132,337; Ms. Bar, $251,045; Mr. LaTorre,
$104,762; and Mr. Grant, $88,349.
3 The Company does not issue SARs and has not granted any options since 2015. The Stock Plan prohibits share recycling for options or SARs.
4 The amounts in column (g) for 2019 reflect the cash paid to the named individuals earned in 2019 and paid in 2020 under annual incentive
arrangements discussed in further detail on pages 46 to 48 under the heading “2019 Annual Cash Incentive Goals and Results” and not deferred
pursuant to Martin Marietta’s Incentive Stock Plan, which is discussed in further detail on page 48 under the heading “Annual Incentive Feature:
Performance-Based Stock Purchase Plan.”
5 The amounts in column (h) reflect the aggregate increase in the actuarial present value of the named executive officer’s accumulated benefits during
2019, 2018 and 2017, respectively, under all defined benefit retirement plans established by Martin Marietta determined using interest rate and
mortality rate assumptions consistent with those used in Martin Marietta’s financial statements and include amounts which the named executive
officer may not currently be entitled to receive because such amounts are not vested.
6 The amount shown in column (i) for 2019 reflects for each named executive officer: matching contributions allocated by Martin Marietta to each of
the named executive officers pursuant to the Savings and Investment Plan, which is more fully described on page 62 under the heading “Retirement
and Other Benefits” in the following amounts: Mr. Nye, $9,800; Mr. Nickolas, $9,800; Ms. Bar, $9,800; Mr. LaTorre, $6,661; and Mr. Grant, $8,437;
the value attributable to life insurance benefits provided to the named executive officers, which is more fully described on page 62 under the heading
“Retirement and Other Benefits” in the following amounts: Mr. Nye, $10,062; Mr. Nickolas, $2,240; Ms. Bar, $6,308; Mr. LaTorre, $1,739; and
Mr. Grant, $14,254; the value attributable to personal use of leased automobiles provided by Martin Marietta in the following amounts: Mr. Nye,
$11,389; Mr. Nickolas, $13,905; Ms. Bar, $15,476; Mr. LaTorre, $12,905; and Mr. Grant, $6,442; dividend equivalents on RSUs in the following
amounts: Mr. Nye, $205,422; Mr. Nickolas, $6,643; Ms. Bar, $48,347; Mr. LaTorre, $0; and Mr. Grant, $27,422. These values are included as
compensation on the W-2 of named executive officers who receive such benefits. Each such named executive officer is responsible for paying income
tax on such amount. The amounts in column (i) also reflect the dollar value of dividend equivalents on units credited under the equity awards as
computed for financial statement reporting purposes for each fiscal year ended December 31, 2019, 2018 and 2017 in accordance with FASB ASC
Topic 718.
7 Mr. LaTorre was not a named executive officer for purposes of the Summary Compensation Table in 2017 and 2018.

58 2020 PROXY STATEMENT