MasTec (MTZ) Director Ava L Parker Receives 177-Share Award
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MasTec (MTZ) Director Ava L Parker Receives 177-Share Award
What Happened
Ava L Parker, a director of MasTec, received a 177-share director compensation award on August 14, 2026 (reported on Form 4). The award is recorded at $0.00 per share (grant/award). To cover taxes due on the vesting, 20 of those shares were withheld by the issuer at $297.59 per share (total value withheld = $5,952). Under the company’s Deferred Fee Plan for Directors, Parker elected to defer 88 of the awarded shares to a future date, leaving 69 shares delivered to her immediately.
Key Details
- Transaction dates: August 14, 2026; Form 4 filed August 18, 2026 (appears timely).
- Award: 177 shares granted (transaction code A) — grant recorded at $0.00 per share.
- Tax withholding: 20 shares withheld (transaction code F) at $297.59 per share, total $5,952. These shares were withheld to pay taxes on vesting.
- Deferral: 88 of the awarded shares were elected to be deferred under MasTec’s Deferred Fee Plan for Directors.
- Shares owned after transaction: Not specified in the filing.
Context
This filing reflects routine director compensation (restricted stock award) rather than an open-market purchase or a decision to sell. The F transaction code indicates shares were surrendered to the company to satisfy tax withholding obligations upon vesting; the A code denotes an award/grant. Such awards are common for non-employee directors and do not, by themselves, indicate a buy/sell signal.