Form 4: MasTec CFO Paul DiMarco Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Paul DiMarco, CFO of MasTec Inc., reports the disposal of 493 shares of common stock to cover taxes due upon vesting of restricted stock.
Summary
- On October 13, 2024, Paul DiMarco, CFO of MasTec Inc. (MTZ), disposed of 493 shares of common stock.
- The shares were disposed of to cover taxes due upon the vesting of restricted stock at a price of $127.39 per share.
- Following the transaction, DiMarco directly owns 39,907 shares of MasTec Inc.
- DiMarco also indirectly owns 9,964.8153 shares through a 401(k) plan.
- An earlier Form 3 filing on April 11, 2023, incorrectly overstated the number of directly held shares by 531 shares, which this Form 4 corrects.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| April 11, 2023 | Date of original Form 3 filing which inadvertently overstated the number of shares held directly by the reporting person. |
| October 13, 2024 | Date of transaction: Disposal of 493 shares of common stock for tax obligations. |
| October 16, 2024 | Date of Form 4 filing. |
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