Apple Robert E 4
Research Summary
AI-generated summary
MasTec (MTZ) COO Robert Apple Withholds 12,206 Shares
What Happened
Robert E. Apple, Chief Operating Officer of MasTec (MTZ), had 12,206 shares of MasTec common stock withheld by the issuer on 2026-03-10 to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $297.81 each for a total of $3,635,069. This was a tax-withholding disposition (routine), not an open-market sale.
Key Details
- Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
- Price per share: $297.81; Total value of shares withheld: $3,635,069.
- Transaction code: F — shares withheld by issuer to pay taxes upon vesting of restricted stock.
- Shares owned after transaction: not specified in the provided filing. Footnote notes 85,750 shares were contributed by the reporting person to The Apple Family Trust (reporting person and spouse are trustees and beneficiaries).
- Footnotes: F1 = shares withheld to pay taxes on vesting; F2 = includes 85,750 shares contributed to The Apple Family Trust.
Context
Tax-withholding dispositions on vested RSUs are routine administrative transactions and do not necessarily indicate the insider's view on the company's stock. This was not a market sale or a purchase; the company retained the shares to cover tax liabilities.