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...

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 led the company from 1993 until his retirement in 2010. During his leadership, he saw the company through challenging times and recognized for his strategic thinking which contributed to significant growth in their financial performance. In 2008, his total compensation was reported at $1.24 million, highlighting the financial success he was able to guide the company to achieve, with record net sales hitting nearly $2 billion. After stepping down as CEO, he continued to influence the company's direction as non-executive chairman. Stephen has also served on several boards, including Beazer Homes, showcasing his connections and influence in the industry. A notable trend in his holdings showed fluctuations, reaching over $9 million at times, which reflects his vested interest in the company's long-term success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Martin Marietta Materials CEOs

M

Stephen P. Zelnak, Jr.

Ex-CEO of Martin Marietta Materials

Education

Bachelor's degree from the University of Florida

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

March 1, 1947 - 78 years ago

CEO of Martin Marietta Materials for

3 years 9 months (Aug 2006 - May 2010)

Previous Experience

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

Rivals

Competitors/colleagues of Stephen P. Zelnak, Jr.

O

Michael H. Thaman

CEO of Owens Corning

2019 Compensation

Stock

$2.00M

Salary

$965.91K

Bonus

$282.02K

Other

$88.93K

Total Holdings

$118.49M

A

Victor D. Grizzle

CEO of Armstrong World Industries

2021 Compensation

Stock

$0.00

Salary

$920.25K

Bonus

$1.25M

Other

$216.64K

Total Holdings

$50.64M

I

Vicente Reynal

CEO of Ingersoll Rand

2023 Compensation

Stock

$0.00

Salary

$1.13M

Bonus

$3.43M

Other

$175.95K

Total Holdings

$65.37M

D

H. Andrew DeFerrari

CEO of Dycom Industries

2023 Compensation

Stock

$0.00

Salary

$600.00K

Bonus

$548.10K

Other

$11.33K

Total Holdings

$24.21M

V

J. Thomas Hill

CEO of Vulcan Materials Company

2023 Compensation

Stock

$2.03M

Salary

$1.24M

Bonus

$4.04M

Other

$485.72K

Total Holdings

$15.11M

E

Michael Haack

CEO of Eagle Materials

2023 Compensation

Stock

$975.58K

Salary

$1.04M

Bonus

$2.11M

Other

$108.74K

Total Holdings

$23.57M

Holdings

See how much did Stephen P. Zelnak, Jr. make over time.

Stephen’s holdings in Martin Marietta Materials show interesting trends over the years. At some points, they peaked as high as $13.91 million in early 2024. His wealth in holdings saw significant increases from 2019 to 2024, showcasing his steady faith...

Stephen’s holdings in Martin Marietta Materials show interesting trends over the years. At some points, they peaked as high as $13.91 million in early 2024. His wealth in holdings saw significant increases from 2019 to 2024, showcasing his steady faith in the company's growth potential. Initially, his holdings fluctuated around $6 million but have consistently grown, indicating a strong recovery and confidence in the company's direction. This growth underlines how his strategic decisions as a leader positively impacted the company's stock performance, increasing his personal wealth significantly in relation to the company's success.

Total Stock Sold

$31.51M

MLM

$31.51M

236,036.687 MLM shares

What if they kept their stock?

If Stephen P. Zelnak, Jr. didn't sell their stock, today they would have:
Extra MLM236,036.687 shares worth $49.14M.
This is 55.94% and $17.63M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Stephen P. Zelnak, Jr..

MLM

$4.01M

MLM at $219.92/share

Jun 30, 2015

Sale

MLM

$31.39K

MLM at $196.57/share

Jun 30, 2015

Purchase

MLM

$17.06K

MLM at $227.53/share

Feb 28, 2020

Received

MLM

$16.91K

MLM at $268.40/share

Nov 29, 2019

Received

MLM

$17.00K

MLM at $253.77/share

Aug 30, 2019

Received

MLM

$17.05K

MLM at $210.50/share

May 31, 2019

Received

MLM

600 shares

MLM

May 9, 2019

Received

MLM

$16.90K

MLM at $187.80/share

Feb 28, 2019

Received

MLM

$16.97K

MLM at $190.69/share

Nov 30, 2018

Received

MLM

$16.89K

MLM at $198.72/share

Aug 31, 2018

Received

Compensation History

See how much did Stephen P. Zelnak, Jr. make over time.

During his tenure, Stephen's compensation varied considerably. In his last full year before stepping down in 2010, he earned a total of $1 million, with most coming from his salary and a sizable bonus based on performance metrics. Prior years saw his compensation reach as high as over $5.8 million in 2009, attributed to his effective leadership and the company’s financial achievements. His pay structure was tailored to align with shareholder interests, focusing heavily on performance-based rewards. After retiring, although his salary ended, he continues to influence the company’s strategic direction as Chairman.

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.

Other Martin Marietta Materials CEOs

Here are other CEOs of Martin Marietta Materials

C. Jeffrey McGowan

Ex-CEO of Martin Marietta Materials

May 2010 - May 2016