Martin Marietta Materials CEO Stephen Zelnak's 2007 pay jumps 33% to $13M
Martin Marietta Materials reports 2007 executive compensation
By ExecPay News
Published: April 22, 2008
Martin Marietta Materials reported fiscal year 2007 executive compensation information on April 22, 2008.
In 2007, five executives at Martin Marietta Materials received on average a compensation package of $4M, a 39% increase compared to previous year.
Average pay of disclosed executives at Martin Marietta Materials
Stephen P. Zelnak, Jr, Chief Executive Officer, received $13M in total, which increased by 33% compared to 2006. 40% of Zelnak's compensation, or $5M, was in stock awards. Zelnak also received $715K in bonus, $2.9M of change in pension value and nonqualified deferred compensation earnings, $2.5M in option awards, $1M in salary, as well as $404K in other compensation.
Philip J. Sipling, Executive Vice President, received a compensation package of $2.2M, which increased by 8% compared to previous year. 30% of the compensation package, or $663K, was in stock awards.
C. Howard Nye, Chief Operating Officer, earned $2M in 2007.
Daniel G. Shephard, Executive Vice President, received $1.7M in 2007, which increases by 30% compared to 2006.
Anne H. Lloyd, Chief Financial Officer, earned $1.5M in 2007, a 34% increase compared to previous year.
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Source: SEC filing on April 22, 2008.