Martin Marietta Materials Management

Management criteria checks 2/4

Martin Marietta Materials' CEO is Ward Nye, appointed in Aug 2006, has a tenure of 17.67 years. total yearly compensation is $18.49M, comprised of 7% salary and 93% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $108.97M. The average tenure of the management team and the board of directors is 5.8 years and 7.8 years respectively.

Key information

Ward Nye

Chief executive officer

US$18.5m

Total compensation

CEO salary percentage	7.0%
CEO tenure	17.7yrs
CEO ownership	0.3%
Management average tenure	5.8yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ward Nye's remuneration changed compared to Martin Marietta Materials's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$18m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$961m
Mar 31 2023	n/a	n/a	US$966m
Dec 31 2022	US$13m	US$1m	US$856m
Sep 30 2022	n/a	n/a	US$825m
Jun 30 2022	n/a	n/a	US$789m
Mar 31 2022	n/a	n/a	US$661m
Dec 31 2021	US$15m	US$1m	US$702m
Sep 30 2021	n/a	n/a	US$729m
Jun 30 2021	n/a	n/a	US$768m
Mar 31 2021	n/a	n/a	US$760m
Dec 31 2020	US$13m	US$1m	US$720m
Sep 30 2020	n/a	n/a	US$669m
Jun 30 2020	n/a	n/a	US$623m
Mar 31 2020	n/a	n/a	US$594m
Dec 31 2019	US$12m	US$1m	US$611m
Sep 30 2019	n/a	n/a	US$574m
Jun 30 2019	n/a	n/a	US$506m
Mar 31 2019	n/a	n/a	US$502m
Dec 31 2018	US$9m	US$1m	US$469m
Sep 30 2018	n/a	n/a	US$751m
Jun 30 2018	n/a	n/a	US$722m
Mar 31 2018	n/a	n/a	US$679m
Dec 31 2017	US$9m	US$1m	US$711m

Compensation vs Market: Ward's total compensation ($USD18.49M) is above average for companies of similar size in the UK market ($USD5.63M).

Compensation vs Earnings: Ward's compensation has increased by more than 20% in the past year.

CEO

Ward Nye (60 yo)

17.7yrs

Tenure

US$18,488,885

Compensation

Mr. C. Howard Nye, also known as Ward, has been the Chief Executive Officer and President of Martin Marietta Materials, Inc. since January 1, 2010 and August 10, 2006 respectively. Mr. Nye serves as Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
C. Nye	Chairman	17.7yrs	US$18.49m	0.30% $ 109.0m
James A. Nickolas	Executive VP & CFO	6.7yrs	US$4.30m	0.033% $ 12.1m
Robert Cardin	Senior VP	4.9yrs	US$2.31m	0.0082% $ 3.0m
Roselyn Bar	Executive VP	27.3yrs	US$5.28m	0.097% $ 35.8m
Michael Petro	Senior Vice President of Strategy & Development	2.7yrs	US$2.03m	0.0043% $ 1.6m
Suzanne Osberg	Vice President of Investor Relations	no data	no data	no data
Kelly Bennett	Senior VP	1.3yrs	no data	0.0072% $ 2.7m
Kirk Light	President of Cement & Southwest Ready Mix	no data	no data	no data
Oliver Brooks	Senior Vice President of Enterprise Excellence	no data	no data	0.0056% $ 2.1m
Ron Kopplin	East Division President	no data	no data	no data
Abbott Lawrence	West Division President	no data	no data	no data
Jacklyn Rooker	Director of Investor Relations	no data	no data	no data

5.8yrs

Average Tenure

56yo

Average Age

Experienced Management: 0JZ0's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
C. Nye	Chairman	14.3yrs	US$18.49m	0.30% $ 109.0m
Donald Slager	Independent Director	7.9yrs	US$294.41k	0.0067% $ 2.5m
John Koraleski	Lead Independent Director	7.7yrs	US$346.55k	0.018% $ 6.6m
Sue Cole	Independent Director	22.3yrs	US$398.29k	0.026% $ 9.4m
Laree Perez	Independent Director	19.5yrs	US$349.97k	0.018% $ 6.6m
David Wajsgras	Independent Director	3.9yrs	US$301.61k	0.0032% $ 1.2m
Dorothy Ables	Independent Director	5.4yrs	US$295.91k	0.0054% $ 2.0m
Michael Quillen	Independent Director	16.2yrs	US$359.03k	0.029% $ 10.6m
Thomas Pike	Independent Director	4.8yrs	US$276.72k	0.0041% $ 1.5m
Anthony Foxx	Independent Director	3.4yrs	US$282.34k	0.0028% $ 1.0m

7.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 0JZ0's board of directors are considered experienced (7.8 years average tenure).

Martin Marietta Materials Management

Management criteria checks 2/4

Key information

Recent management updates

Martin Marietta Materials, Inc., Annual General Meeting, May 16, 2024

Executive VP recently sold US$6.0m worth of stock

Chairman recently sold US$12m worth of stock

Insufficient new directors

Independent Director recently sold US$599k worth of stock

Martin Marietta Materials, Inc., Annual General Meeting, May 12, 2022

Recent updates

Martin Marietta Materials, Inc., Annual General Meeting, May 16, 2024

Martin Marietta Materials, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Executive VP recently sold US$6.0m worth of stock

Chairman recently sold US$12m worth of stock

Full year 2023 earnings released: EPS: US$19.38 (vs US$13.75 in FY 2022)

Fourth quarter dividend of US$0.74 announced

Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on March 28, 2024

Full year 2023 earnings released: EPS: US$19.38 (vs US$13.75 in FY 2022)

Martin Marietta Materials, Inc. Provides Earnings Guidance for the Year 2024

CRH Americas Materials, Inc. completed the acquisition of Martin Marietta South Texas Cement, LLC and Martin Marietta’s South Texas ready-mix concrete operations from Martin Marietta Materials, Inc. (NYSE:MLM).

CRH Americas Materials, Inc. completed the acquisition of Martin Marietta South Texas Cement, LLC and Martin Marietta’s South Texas ready-mix concrete operations from Martin Marietta Materials, Inc. (NYSE:MLM).

Martin Marietta Materials, Inc. to Report Q4, 2023 Results on Feb 14, 2024

Martin Marietta Materials, Inc. (NYSE:MLM) completed the acquisition of Albert Frei & Sons, Inc.

CRH Americas Materials, Inc. entered into a definitive agreement to acquire Portfolio of cement and readymixed concrete assets in Texas, USA from Martin Marietta Materials, Inc. (NYSE:MLM) for $2.1 billion.

Upcoming dividend of US$0.74 per share at 0.6% yield

CRH Americas Materials, Inc. reached an agreement to acquire portfolio of cement and ready mixed concrete assets in Texas, USA from Martin Marietta Materials, Inc. (NYSE : MLM) for $2.1 billion.

CRH Americas Materials, Inc. entered into a definitive agreement to acquire Portfolio of cement and readymixed concrete assets in Texas, USA from Martin Marietta Materials, Inc. (NYSE:MLM) for $2.1 billion.

Martin Marietta Declares Quarterly Cash Dividend, Payable on December 29, 2023

Martin Marietta Materials, Inc. Provides Consolidated Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$6.96 (vs US$4.67 in 3Q 2022)

Martin Marietta Materials, Inc. to Report Q3, 2023 Results on Nov 01, 2023

UNACEM Corp S.A.A. (BVL:UNACEMC1) entered into a definitive agreement to acquire Certain West Coast Cement Operations from Martin Marietta Materials, Inc. (NYSE:MLM) for approximately $320 million.

Upcoming dividend of US$0.74 per share at 0.7% yield

Martin Marietta Materials, Inc. Announces Quarterly Cash Dividend, Payable on September 29, 2023

Now 20% undervalued

Second quarter 2023 earnings released: EPS: US$5.62 (vs US$5.66 in 2Q 2022)

Martin Marietta Materials, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Martin Marietta Materials, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Martin Marietta Materials, Inc.(NYSE:MLM) dropped from Russell 1000 Growth Index

Insufficient new directors

Upcoming dividend of US$0.66 per share at 0.7% yield

Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2023

Martin Marietta Materials, Inc. Provides Revenue Guidance for the Year 2023

First quarter 2023 earnings released: EPS: US$2.16 (vs US$0.39 in 1Q 2022)

Full year 2022 earnings released: EPS: US$13.75 (vs US$11.25 in FY 2021)

Martin Marietta Materials, Inc. Provides Consolidated Earnings Guidance for the Year 2023

Martin Marietta Materials, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Now 23% undervalued

Upcoming dividend of US$0.66 per share

Independent Director recently sold US$599k worth of stock

Martin Marietta Materials, Inc. Declares Regular Quarterly Cash Dividend on the Outstanding Common Stock, Payable December 30, 2022

Now 22% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$4.67 (vs US$4.08 in 3Q 2021)

Martin Marietta Materials, Inc. Provides Earnings Guidance for the Full Year 2022

Martin Marietta Materials, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.66 per share

Martin Marietta Materials, Inc. Increases Quarterly Cash Dividend, Payable September 30, 2022

CalPortland Company agreed to acquire Cement Plant and Related Distribution Terminals in California of Martin Marietta Material for $350 million.

Second quarter 2022 earnings released: EPS: US$5.66 (vs US$3.62 in 2Q 2021)

Martin Marietta Materials, Inc. Provides Earnings Guidance for the Full Year 2022

Martin Marietta Materials, Inc. to Report Q2, 2022 Results on Jul 28, 2022

CalPortland Company, Inc. acquired Certain West Coast Cement and Ready Mixed Concrete Operations of Martin Marietta Materials, Inc. for $250 million.

Upcoming dividend of US$0.61 per share

Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2022

Martin Marietta Materials, Inc. Provides Consolidated Earnings Guidance for the Year 2022

First quarter 2022 earnings released: EPS: US$0.39 (vs US$1.05 in 1Q 2021)

Martin Marietta Materials, Inc., Annual General Meeting, May 12, 2022

Martin Marietta Materials, Inc. to Report Q1, 2022 Results on May 03, 2022

CalPortland Company, Inc. entered into an agreement to acquire Certain West Coast Cement and Ready Mixed Concrete Operations of Martin Marietta Materials, Inc. for $250 million.

Upcoming dividend of US$0.61 per share

Martin Marietta Declares Quarterly Cash Dividend, Payable on March 31, 2022

Martin Marietta Materials, Inc. Provides Earnings Guidance for the Year 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Martin Marietta Materials, Inc. to Report Q4, 2021 Results on Feb 10, 2022

Upcoming dividend of US$0.61 per share

Third quarter 2021 earnings released: EPS US$4.08 (vs US$4.72 in 3Q 2020)

Upcoming dividend of US$0.61 per share

Second quarter 2021 earnings released: EPS US$3.62 (vs US$3.49 in 2Q 2020)

Martin Marietta Materials, Inc. (NYSE:MLM) entered into a definitive agreement to acquire Lehigh West Region Business from Lehigh Cement Company LLC, HMBA Holdings LLC and Lehigh Southwest Cement Company for $2.3 billion.