Sundar PichaiSundar Pichai earned $164M in 2023
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Stephen P. Zelnak, Jr.

Ex-CEO of Martin Marietta Materials

Education

Bachelor's degree from the University of Florida

Field of Expertise

Business & Management

Born

March 1, 1947 - 78 years ago

Economy Sector

Basic Materials

Tenure

3 years 9 months (Aug 2006 - May 2010)

Previous Experience

Formerly served as President and CEO of Martin Marietta Materials, Inc.

Stephen P. Zelnak, Jr. is the former CEO and current non-executive Chairman of Martin Marietta Materials, a significant player in the construction and aggregates industry. Born in 1947 and graduated with a Bachelor’s degree from the University of Florida, Stephen...

Year

2010

Total Compensation

$972.61K

Salary

$468.75K

Board Justification

The compensation philosophy is designed to attract and retain qualified executives while aligning their interests with those of shareholders, focusing on performance-based compensation.

Bonus

$335.00K

Board Justification

The bonus amount to Mr. Zelnak for 2010 of $335,000 represented a pro rata portion of an annual bonus reflecting the number of months he served as an executive officer, and was based on approximately 72% of his base salary in 2010.

Other

$168.86K

Board Justification

Includes matching contributions allocated by the Corporation to Mr. Zelnak pursuant to the Performance Sharing Plan, the value attributable to life insurance benefits, and the value attributable to personal use of leased automobiles provided by the Corporation.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock options or restricted stock units were granted to Mr. Zelnak in 2010 as he retired as Executive Chairman on May 27, 2010.

Performance Metrics

The performance metrics for the bonus were based on the achievement of corporate performance objectives and individual contributions during his tenure as Executive Chairman.