8-KItem 5.02 · Officer/Director Change
Martin Marietta Promotes Michael Petro to CFO With $5 Million Equity Grant
Filed with the SEC on · Summarized by InvestorsBot
Martin Marietta Materials promoted Michael J. Petro to executive vice president and chief financial officer on August 4, 2026. His compensation includes a $750,000 base salary, target annual and long-term incentives of 100% and 260% of base salary, and a $5 million restricted-stock-unit grant vesting over years six through eight; he is also eligible for severance of three times salary plus target bonus in certain terminations and enhanced benefits after a qualifying change of control.