Martin Marietta Names Michael J. Petro EVP, CFO

Martin Marietta Materials, Inc. announced the promotion of Michael J. Petro to Executive Vice President, Chief Financial Officer, effective August 4, 2026. In connection with his promotion, Mr. Petro's new compensation package includes a base salary of $750,000, a target annual incentive of 100% of base salary, and a target long-term incentive of 260% of base salary. He also received a one-time grant of restricted stock units valued at $5,000,000, vesting over six, seven, and eight years. The employment agreement outlines severance benefits for various termination scenarios, including three times his base salary and target bonus for termination without cause or for good reason.