Form 4: MasTec CEO Jose Ramon Mas Disposes of Shares to Cover Tax Obligations

Jose Ramon Mas, CEO of MasTec Inc., disposed of 21,057 shares of common stock on March 18, 2024, to cover tax obligations related to the vesting of restricted stock.

Summary

• Jose Ramon Mas, the CEO of MasTec Inc., filed a Form 4 with the SEC on March 20, 2024.
• The filing reports a transaction on March 18, 2024, where 21,057 shares of MasTec's common stock were disposed of at a price of $86.36 per share.
• This disposal was to cover tax obligations arising from the vesting of restricted stock.
• Following the transaction, Mas directly owns 3,218,226 shares of MasTec common stock.
• Mas also indirectly owns 1,280,688 shares through Jose Ramon Mas Holdings I, LLC, 425,000 shares through Jose Ramon Mas Irrevocable Family Trust, and 276,000 shares through Mas Equity Partners III, LLC.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested restricted stock, a common occurrence.

Key Dates