MASTEC INC·4

Mar 12, 4:30 PM ET

MAS JORGE 4

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MasTec (MTZ) Director Jorge Mas Sells 15,958 Shares (Tax Withholding)

What Happened
Jorge Mas, a director of MasTec, had 15,958 shares withheld by the company to cover taxes due upon vesting of restricted stock (transaction code F). The withheld shares were valued at $297.81 each, for a total disposition of $4,752,452. This was a tax-withholding disposition (not an open-market sale).

Key Details

  • Transaction date: 2026-03-10; reported on Form 4 filed 2026-03-12 (appears timely).
  • Price per share: $297.81; Shares disposed: 15,958; Total value: $4,752,452.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1: Shares withheld by the issuer to pay taxes due upon vesting of restricted stock.
    • F2–F5: Disclosures of shares held by related trusts and entities (Jorge Mas Irrevocable Family Trust, Mas Equity Partners III, Mas Family Foundation, Jorge Mas Holdings I, LLC) and disclaimers regarding beneficial ownership.
  • Transaction code: F (tax withholding / payment of tax liability).

Context
Tax-withholding dispositions are routine when restricted stock vests and the company retains shares to satisfy tax obligations; they are not the same as an insider selling shares in the open market and generally do not signal a change in sentiment. The filing includes entity and trust holdings and related disclaimers, indicating some shares are held through family trusts and controlled entities rather than directly by the reporting person.