Thomas Pike

About Thomas H. Pike

Thomas H. Pike (age 65) has served as an independent director of Martin Marietta Materials, Inc. (MLM) since 2019. He is Chairman and Chief Executive Officer of Fortrea (Nasdaq: FTRE) and previously was CEO and a director of Quintiles Transnational Holdings, leading the company through its IPO and merger with IMS Health to form IQVIA; earlier, he held senior leadership roles at Accenture and began his career at McKinsey & Company. He holds a Bachelor’s degree in accounting from the University of Delaware . The Board has determined Pike is independent under MLM’s Guidelines for Director’s Independence .

Past Roles

Organization	Role	Tenure	Committees/Impact
Quintiles Transnational Holdings, Inc.	Chief Executive Officer and Director	Apr 2012–Dec 2016 (merger with IMS Health to form IQVIA)	Led IPO and growth to Fortune 500
Accenture	Chief Risk Officer; Managing Director, North America Health & Products; Global Chief Operating Officer, Resources; Chief Strategy Officer	Through Dec 2009	Broad strategic/operating experience
McKinsey & Company	Consultant	Early career	Strategy consulting foundation

External Roles

Organization	Role	Since	Notes
Fortrea (Nasdaq: FTRE)	Chairman and Chief Executive Officer	Jan 2023 CEO; Chairman & CEO since spin in Jul 2023	Current public company board chair/CEO

Board Governance

Committees: Finance Committee member; Nominating & Corporate Governance Committee member .
Independence: Independent; MLM’s Board is 90% independent and Pike meets NYSE/SEC independence standards .
Attendance: 100% attendance at Board and all assigned committee meetings in 2024; all directors attended the May 2024 Annual Meeting .
Executive sessions: Independent directors met in executive session at each regularly scheduled Board meeting (four times in 2024) .
Lead Independent Director: John J. Koraleski .

Fixed Compensation (Director 2024)

Component	Amount ($)	Detail
Fees Earned or Paid in Cash	123,750	Standard annual board cash retainer is $125,000; actual cash for Pike shown here
Stock Awards (RSUs)	170,435	Annual grant following May 2024 Annual Meeting: 293 RSUs; fully vested at grant; at least 50% deferred until retirement
Change in Pension Value & Nonqualified Deferred Comp Earnings	2,623	Interest on fees deferred in cash under Director deferral program
All Other Compensation	12,919	Dividend equivalents on deferred common stock units
Total	309,727	Sum of components

Structure overview: Cash elements include Board retainer and any committee chair/member retainers (e.g., Audit chair $20,000; Finance chair $15,000; Lead Independent Director $35,000); MLM reimburses travel and permits use of company aircraft only for company business; no personal aircraft/perks in 2024 .
RSUs: Non-employee directors received 293 RSUs in May 2024; RSUs fully vested on grant, with mandatory deferral of at least 50% until retirement; directors lack voting/investment power over RSUs .

Performance Compensation

Non-employee director pay at MLM is not performance-conditioned; directors receive time-based RSUs (fully vested on grant) and cash retainers. No stock options or performance share awards (PSUs) are disclosed for directors .

Other Directorships & Interlocks

Company	Role	Potential Interlock/Conflict
Fortrea (FTRE)	Chairman & CEO	Fortrea is a CRO; no related-party transactions with MLM disclosed since Jan 1, 2024

Related-party/transactions: MLM discloses no related person transactions since January 1, 2024; independence determinations considered affiliations and any business between MLM and entities associated with directors; the Board found no relationships interfering with independence (other than CEO Mr. Nye) .

Expertise & Qualifications

More than 15 years of C‑suite experience; extensive strategic and financial experience; M&A, integration, and strategic development; knowledge of financial system management, public company accounting, disclosure, and capital markets .
Education: Bachelor’s in accounting, University of Delaware .

Equity Ownership

Beneficial ownership (as of March 7, 2025)

Holder	Beneficial Shares	Notes
Thomas H. Pike	4,076	None of directors/NEOs own >1%; none pledged as security

Director equity units (as of Dec 31, 2024)

Instrument	Amount	Notes
RSUs held	2,834	Director RSUs deferred/distributed per plan; no voting rights
Common Stock Units (Director Deferral Plan)	1,177 (as of Dec 31, 2024); 1,242 (as of Mar 7, 2025)	Units accrue from fee deferrals; no voting rights
Units credited in 2024	219 units; $124,860 value	Fee deferrals into stock units in 2024

Policy alignment

Anti-hedging and pledging policy; stock ownership requirements (program described in governance/compensation sections) .
RSU deferral requirement (≥50% until retirement) supports alignment .

Shareholder Voting Signals (2025)

Director election results (May 15, 2025)

Director	For	Against	Abstain	Broker Non-Votes
Thomas H. Pike	53,257,042	135,042	24,078	2,340,615

Say-on-pay support

2024 Say-on-Pay approval: 95% of shares cast voted in favor .
2025 Say-on-Pay votes: For 50,476,635; Against 2,760,192; Abstain 179,335; Broker non-votes 2,340,615 .

Governance Assessment

Strengths: Independent status; 100% meeting attendance in 2024; service on Finance and Nominating & Corporate Governance Committees; strong shareholder support in 2025 election; no related-party transactions disclosed; anti-hedging/pledging and stock ownership requirements; director RSU deferrals required, enhancing alignment .
Compensation design: Mix of cash retainer and fully vested RSUs with mandatory deferral; no options or performance-conditioned awards for directors; use of independent compensation consultant for director pay .
Engagement: Board held executive sessions at each regular meeting; robust shareholder outreach; high Say‑on‑Pay support, indicating investor confidence in governance/compensation programs .
RED FLAGS: None disclosed—no related-party transactions, no hedging/pledging, no personal perquisites for directors in 2024, and strong election outcomes for Pike .