Palomarez Javier Alberto 4
Research Summary
AI-generated summary
MasTec (MTZ) Director Javier Palomarez Receives 95-Share Award
What Happened
Javier Palomarez, a director of MasTec, received a grant/award of 95 restricted shares on May 15, 2026 (acquisition reported at $0.00 per share). To satisfy tax withholding obligations on the vesting, 21 shares were withheld/disposed at an implied value of $434.77 per share, totaling $9,130. The award is an issuance of shares (not an open-market purchase); the share withholding is a routine tax payment.
Key Details
- Transaction date: 2026-05-15 (filing date: 2026-05-19). The filing was submitted within the typical Form 4 reporting window.
- Award: 95 shares acquired at $0.00 per share.
- Withholding: 21 shares disposed at $434.77 per share, aggregate value $9,130, to cover taxes (footnote F1).
- Shares owned after the transaction: not specified in the excerpted filing.
- Footnote: F1 — shares were withheld by the issuer to pay taxes due upon vesting of restricted stock.
- Transaction codes: A = Award/Grant; F = Tax withholding to satisfy tax liability.
Context
Restricted stock awards are compensation/vesting events and are not the same as a market buy (which might signal bullish intent). The withholding of shares for taxes is a common, administrative disposition and does not necessarily reflect a decision to sell for cash. No option exercise, open-market purchase, 10b5-1 plan, or large (10%+) owner transaction is indicated in this filing.