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Construction Partners, Inc.

ROAD · FY2025

MISALIGNED

CEO Package

$6.4M

Pay Ratio

Fred J. (Jule) Smith

CEO's pay package jumped 107% to $6.4M while stock gained only 23%, and he received a fresh $3.8M stock grant after the fiscal year ended.

Ferrovial SE

FER · FY2024

ALIGNED

CEO Package

$5.5M

Pay Ratio

Ignacio Madridejos

CEO earned $5.5M in 2024 while stock rose 42%, with pay heavily weighted to performance-based bonus and equity awards.

STERLING INFRASTRUCTURE, INC.

STRL · FY2025

ALIGNED

CEO Package

$8.4M

Pay Ratio

Joseph A. Cutillo

Pay fell roughly in step with TSR

CEO Total Compensation — All Companies

ROAD$6.4MFER$5.5MSTRL$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 FER 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.

ROAD

Fred J. (Jule) Smith

$6.4M

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

FER

Ignacio Madridejos

$5.5M

base salary26%
stock awards35%
other compensation1%

STRL

Joseph A. Cutillo

$8.4M

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

Quick Comparison

CompanyCEOLatest YearTotal Comp
Construction Partners, Inc.(ROAD)Fred J. (Jule) Smith2025$6.4M
Ferrovial SE(FER)Ignacio Madridejos2024$5.5M
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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