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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
The Company is required to disclose in its Proxy Statement information that shows the relationship between “Compensation Actually Paid” as defined in Item 402(v) of Regulation
S-K
and the financial performance of the Company. The Management Development and Compensation Committee did not consider the Pay Versus Performance disclosure when making its executive pay or incentive compensation decisions for any of the years shown. For a discussion of how the Management Development and Compensation Committee seeks to align pay with performance when making compensation decisions, please review the Compensation Discussion and Analysis beginning on page 43. The table and notes below provide this disclosure for the fiscal years ending December 31, 2023, 2022, 2021 and 2020.
 
               
Average
Summary
Compensation
Table Total
for
Non-PEO

Named
Executive
Officers
($)
   
Average
Compensation
Actually Paid
to
Non-PEO

Named
Executive
Officers
($)
   
 
Value of Initial Fixed $100
Investment Based on:
             
Year
(1)
 
Summary
Compensation
Table Total
for PEO
($)
   
Compensation
Actually Paid
to PEO
(2),(3)
($)
   
Total
Shareholder
Return
(5)
($)
   
Peer Group
Total
Shareholder
Return
(6)
($)
   
Net
Income
($)
   
Company
Selected
Measure
(Adjusted
EBITDA)
(9)
($)
 
2023
    18,488,885       35,058,147
(4)
 
    3,477,775       5,837,293
(4)
 
    183.92       158.32       1,169,400,000       2,111,400,000  
2022
    12,784,251       6,452,731
(5)
 
    2,438,871       1,415,556       123.76       133.61       866,740,000       1,617,010,000  
2021
    14,939,587       39,031,817
(6)
 
    2,739,108       6,627,252       160.17       159.52       702,770,000       1,533,200,000  
2020
    12,818,588       12,254,009
(7)
 
    2,618,321       2,456,130       102.59       121.61       721,050,000       1,392,820,000  
 
(1)
The PEO and NEOs included in the above compensation columns reflect the following:
 
Year
 
PEO
 
NEOs
2023
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Robert J. Cardin, Michael J. Petro
2022
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Craig M. LaTorre, John P. Mohr
2021
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Craig M. LaTorre, John P. Mohr
2020
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Daniel L. Grant, Craig M. LaTorre
 
(2)
The dollar amounts reported for our PEO and NEOs under “Compensation Actually Paid” represent the amount of “Compensation Actually Paid” to the PEO and NEOs, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO or NEOs during the applicable year.
(3)
For the portion of “Compensation Actually Paid” that is based on
year-end
stock prices, the following prices were used: for 2023: $498.91; for 2022: $337.97; for 2021: $440.52; and for 2020: $283.97.
 
 
(4)
2023 “Compensation Actually Paid” to the PEO and the average “Compensation Actually Paid” to the NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:
 
    
PEO
   
Average for
 non-PEO NEOs 
 
Total Reported in 2023 Summary Compensation Table (SCT)
     18,488,885       3,477,775  
Less, Value of Stock Awards Reported in SCT
     (8,580,337     (1,044,621
Less, Change in Pension Value and
Non-Qualified
Deferred Compensation Earnings in SCT
     (5,132,284     (668,867
Plus, Pension Service Cost
     643,303       145,277  
Plus,
Year-End
Value of Awards Granted in Fiscal Year that are Unvested and Outstanding
     16,032,328       2,182,973  
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding
     6,878,685       1,052,998  
Plus, FMV of Awards Granted this Year and that Vested this Year
             7,127  
Plus, Change in Fair Value (from Prior
Year-End)
of Prior Year Awards that Vested this Year
     6,727,567       684,631  
Less, Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year
                
Total Adjustments
     16,569,262       2,359,518  
“Compensation Actually Paid” for Fiscal Year 2023
     35,058,147       5,837,293  
 
(5)
Company and Peer Group TSR reflects the Company’s peer group (S&P 500 Materials Index) as reflected in our Annual Report on Form
10-K
pursuant to Item 201(e) of Regulation
S-K
for the fiscal year ended December 31, 2023. Each year reflects what the cumulative $100 investment would be, including the reinvestment of dividends, if such amount were invested on December 31, 2019.
(6)
Consolidated earnings before interest; income taxes; depreciation, depletion and amortization; earnings/loss from nonconsolidated equity affiliates; acquisition and integration expenses; the impact of selling acquired inventory after its markup to fair value as part of acquisition accounting; and the nonrecurring gain on the divestiture of certain ready mixed concrete operations (Adjusted EBITDA) is an indicator used by the Company and investors to evaluate the Company’s operating performance from period to period. Adjusted EBITDA was selected as the 2023 “Company-Selected Measure” as defined in Item 402(v). Please see Appendix B for a reconciliation of
non-GAAP
measures to GAAP measures.
     
Company Selected Measure Name Adjusted EBITDA      
Named Executive Officers, Footnote
(1)
The PEO and NEOs included in the above compensation columns reflect the following:
 
Year
 
PEO
 
NEOs
2023
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Robert J. Cardin, Michael J. Petro
2022
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Craig M. LaTorre, John P. Mohr
2021
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Craig M. LaTorre, John P. Mohr
2020
  C. Howard Nye  
James A. J. Nickolas, Roselyn R. Bar,
Daniel L. Grant, Craig M. LaTorre
     
Peer Group Issuers, Footnote
(5)
Company and Peer Group TSR reflects the Company’s peer group (S&P 500 Materials Index) as reflected in our Annual Report on Form
10-K
pursuant to Item 201(e) of Regulation
S-K
for the fiscal year ended December 31, 2023. Each year reflects what the cumulative $100 investment would be, including the reinvestment of dividends, if such amount were invested on December 31, 2019.
     
PEO Total Compensation Amount $ 18,488,885 $ 12,784,251 $ 14,939,587 $ 12,818,588
PEO Actually Paid Compensation Amount $ 35,058,147 6,452,731 39,031,817 12,254,009
Adjustment To PEO Compensation, Footnote
(4)
2023 “Compensation Actually Paid” to the PEO and the average “Compensation Actually Paid” to the NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:
 
    
PEO
   
Average for
 non-PEO NEOs 
 
Total Reported in 2023 Summary Compensation Table (SCT)
     18,488,885       3,477,775  
Less, Value of Stock Awards Reported in SCT
     (8,580,337     (1,044,621
Less, Change in Pension Value and
Non-Qualified
Deferred Compensation Earnings in SCT
     (5,132,284     (668,867
Plus, Pension Service Cost
     643,303       145,277  
Plus,
Year-End
Value of Awards Granted in Fiscal Year that are Unvested and Outstanding
     16,032,328       2,182,973  
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding
     6,878,685       1,052,998  
Plus, FMV of Awards Granted this Year and that Vested this Year
             7,127  
Plus, Change in Fair Value (from Prior
Year-End)
of Prior Year Awards that Vested this Year
     6,727,567       684,631  
Less, Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year
                
Total Adjustments
     16,569,262       2,359,518  
“Compensation Actually Paid” for Fiscal Year 2023
     35,058,147       5,837,293  
     
Non-PEO NEO Average Total Compensation Amount $ 3,477,775 2,438,871 2,739,108 2,618,321
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,837,293 1,415,556 6,627,252 2,456,130
Adjustment to Non-PEO NEO Compensation Footnote
(4)
2023 “Compensation Actually Paid” to the PEO and the average “Compensation Actually Paid” to the NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:
 
    
PEO
   
Average for
 non-PEO NEOs 
 
Total Reported in 2023 Summary Compensation Table (SCT)
     18,488,885       3,477,775  
Less, Value of Stock Awards Reported in SCT
     (8,580,337     (1,044,621
Less, Change in Pension Value and
Non-Qualified
Deferred Compensation Earnings in SCT
     (5,132,284     (668,867
Plus, Pension Service Cost
     643,303       145,277  
Plus,
Year-End
Value of Awards Granted in Fiscal Year that are Unvested and Outstanding
     16,032,328       2,182,973  
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding
     6,878,685       1,052,998  
Plus, FMV of Awards Granted this Year and that Vested this Year
             7,127  
Plus, Change in Fair Value (from Prior
Year-End)
of Prior Year Awards that Vested this Year
     6,727,567       684,631  
Less, Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year
                
Total Adjustments
     16,569,262       2,359,518  
“Compensation Actually Paid” for Fiscal Year 2023
     35,058,147       5,837,293  
     
Compensation Actually Paid vs. Total Shareholder Return
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure

     
Total Shareholder Return Vs Peer Group

     
Tabular List, Table
Financial Performance Measures
The following table lists on an unranked basis the three financial performance measures that, in the Company’s assessment represent the most important performance measures used to link “Compensation Actually Paid” for our NEOs to Company performance for 2023.
 
 
Adjusted EBITDA
 
rTSR
 
Total Revenues
     
Total Shareholder Return Amount $ 183.92 123.76 160.17 102.59
Peer Group Total Shareholder Return Amount 158.32 133.61 159.52 121.61
Net Income (Loss) $ 1,169,400,000 $ 866,740,000 $ 702,770,000 $ 721,050,000
Company Selected Measure Amount 2,111,400,000 1,617,010,000 1,533,200,000 1,392,820,000
PEO Name C. Howard Nye      
Stock Price $ 498.91 $ 337.97 $ 440.52 $ 283.97
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-GAAP Measure Description Consolidated earnings before interest; income taxes; depreciation, depletion and amortization; earnings/loss from nonconsolidated equity affiliates; acquisition and integration expenses; the impact of selling acquired inventory after its markup to fair value as part of acquisition accounting; and the nonrecurring gain on the divestiture of certain ready mixed concrete operations (Adjusted EBITDA) is an indicator used by the Company and investors to evaluate the Company’s operating performance from period to period. Adjusted EBITDA was selected as the 2023 “Company-Selected Measure” as defined in Item 402(v). Please see Appendix B for a reconciliation of
non-GAAP
measures to GAAP measures.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name rTSR      
Measure:: 3        
Pay vs Performance Disclosure        
Name Total Revenues      
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 16,569,262      
PEO | Value of Stock Awards Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (8,580,337)      
PEO | Change in Pension Value and NonQualified Deferred Compensation Earnings in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (5,132,284)      
PEO | Pension Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 643,303      
PEO | YearEnd Value of Awards Granted in Fiscal Year that are Unvested and Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 16,032,328      
PEO | Change in Fair Value of Prior Year Awards that are Unvested and Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,878,685      
PEO | Change in Fair Value (from Prior YearEnd) of Prior Year Awards that Vested this Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,727,567      
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,359,518      
Non-PEO NEO | Value of Stock Awards Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,044,621)      
Non-PEO NEO | Change in Pension Value and NonQualified Deferred Compensation Earnings in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (668,867)      
Non-PEO NEO | Pension Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 145,277      
Non-PEO NEO | YearEnd Value of Awards Granted in Fiscal Year that are Unvested and Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,182,973      
Non-PEO NEO | Change in Fair Value of Prior Year Awards that are Unvested and Outstanding [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,052,998      
Non-PEO NEO | FMV of Awards Granted this Year and that Vested this Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,127      
Non-PEO NEO | Change in Fair Value (from Prior YearEnd) of Prior Year Awards that Vested this Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 684,631