Form 4: Ava L. Parker Reports Changes in Beneficial Ownership of MasTec Inc. Stock
SEC Form 4 Filing
Director Ava L. Parker reports acquisition and disposal of MasTec Inc. common stock on August 15, 2024, according to a Form 4 filing.
Summary
- Ava L. Parker, a director of MasTec Inc. [MTZ], reported changes in beneficial ownership of the company's common stock on August 15, 2024.
- The report indicates the acquisition of 474 shares of common stock at $0.
- Additionally, 105 shares were disposed of at a price of $110.78.
- Following these transactions, Parker directly owns 3,664 shares of MasTec Inc. common stock.
- The disposal of shares was to cover taxes due upon the vesting of restricted stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing is a routine disclosure of stock transactions related to vesting and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock. This allows investors to monitor insider activity, which can sometimes provide insights into the company's prospects.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock acquisition and disposal. |
| 08/19/2024 | Date of signature on the report. |
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