Form 4: MasTec CFO Paul DiMarco Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Paul DiMarco, CFO of MasTec Inc., reports acquiring and disposing of common stock on March 5, 2024.
Summary
- Paul DiMarco, the CFO of MasTec Inc. (MTZ), filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of MasTec's common stock.
- On March 5, 2024, DiMarco acquired 24,311 shares of common stock at $0 and disposed of 40,931 shares.
- Following these transactions, DiMarco directly owns 40,931 shares of MasTec common stock.
- He also indirectly owns 9,895.1749 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider. The sentiment is neutral as it doesn't inherently indicate positive or negative news about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stock transactions.
- It can influence investor sentiment depending on the interpretation of the transactions.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: Acquisition of 24,311 shares and disposal of 40,931 shares of common stock. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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