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Ferrovial SE

FER · FY2024

MIXED

CEO Package

$5.5M

Pay Ratio

—

Ignacio Madridejos

Awaiting a fuller pay-performance history

Construction Partners, Inc.

ROAD · FY2025

MISALIGNED

CEO Package

$6.4M

Pay Ratio

—

Fred J. (Jule) Smith

Pay rose +107% while TSR fell -80.6 pts

STERLING INFRASTRUCTURE, INC.

STRL · FY2025

ALIGNED

CEO Package

$8.4M

Pay Ratio

—

Joseph A. Cutillo

Pay fell roughly in step with TSR

CEOTotal Compensation — All Companies

FER$5.5MROAD$6.4MSTRL$8.4M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

STRL carries the largest package at $8.4M, about 1.5x FER.
ROAD reads misaligned, while STRL looks aligned.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

FER

Ignacio Madridejos

$5.5M

base salary26%
stock awards35%
other compensation1%

ROAD

Fred J. (Jule) Smith

$6.4M

base salary13%
stock awards45%
non-equity incentive compensation14%
other compensation1%

STRL

Joseph A. Cutillo

$8.4M

base salary13%
stock awards56%
non-equity incentive compensation30%
other compensation1%

Quick Comparison

CompanyCEOLatest YearTotal Comp
Ferrovial SE(FER)Ignacio Madridejos2024$5.5M
Construction Partners, Inc.(ROAD)Fred J. (Jule) Smith2025$6.4M
STERLING INFRASTRUCTURE, INC.(STRL)Joseph A. Cutillo2025$8.4M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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