Martin Marietta Materials Chairman Stephen Zelnak's 2008 pay falls 36% to $8.1M
Martin Marietta Materials reports 2008 executive compensation
By ExecPay News
Published: April 21, 2009
Martin Marietta Materials reported fiscal year 2008 executive compensation information on April 21, 2009.
In 2008, five executives at Martin Marietta Materials received on average a compensation package of $3.8M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Martin Marietta Materials
Stephen P. Zelnak, Jr, Chairman, received $8.1M in total, which decreased by 36% compared to 2007. 45% of Zelnak's compensation, or $3.7M, was in stock awards. Zelnak also received $429K in bonus, $689K of change in pension value and nonqualified deferred compensation earnings, $1.8M in option awards, $1.1M in salary, as well as $376K in other compensation.
C. Howard Nye, Chief Executive Officer, received a compensation package of $3.2M, which increased by 60% compared to previous year. 45% of the compensation package, or $1.5M, was in stock awards.
Philip J. Sipling, Executive Vice President, earned $3.2M in 2008, a 46% increase compared to previous year.
Anne H. Lloyd, Chief Financial Officer, received $2.2M in 2008, which increases by 44% compared to 2007.
Daniel G. Shephard, Executive Vice President, earned $2.1M in 2008, a 24% increase compared to previous year.
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Source: SEC filing on April 21, 2009.