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

CEO Jose Ramon Mas disposed of 23,691 shares of MasTec Inc. to cover tax obligations arising from the vesting of restricted stock.

Summary

• On March 24, 2025, Jose Ramon Mas, CEO of MasTec Inc., disposed of 23,691 shares of common stock.
• The shares were withheld by MasTec to cover taxes due upon the vesting of restricted stock.
• The transaction occurred at a price of $124.03 per share.
• Following the transaction, Mas directly owns 3,256,248 shares.
• Mas also indirectly owns 1,280,688 shares through JRM Holdings I, LLC, 425,000 shares through the 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 executive compensation and tax obligations, and does not indicate a positive or negative sentiment.

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 from vesting restricted stock, which is a common form of executive compensation.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor impact on shareholders, but is primarily related to tax obligations.

Key Dates

Keywords

Form 4, MasTec, Jose Ramon Mas, MTZ, share disposal, beneficial ownership, restricted stock, tax obligations