Form 4: MasTec COO Robert Apple Reports Acquisition of Shares

Robert Apple, COO of MasTec Inc., reports acquiring 35,888 shares of common stock on March 5, 2024.

Summary

• On March 5, 2024, Robert Apple, the COO of MasTec Inc. (MTZ), acquired 35,888 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Apple directly owns 244,729 shares of MasTec common stock.
• Apple also indirectly owns 11,945.386 shares through a 401(k) plan.
• Additionally, 121,073 of the directly owned shares are held in The Apple Family Trust, where Apple and his wife are trustees and beneficiaries.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing simply reports a transaction. The acquisition of shares by an executive is generally viewed as a positive sign, but without additional context, the sentiment is moderately positive.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Executive stock acquisitions are common and closely watched as indicators of management's sentiment about the company's prospects. This filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The acquisition of shares by a company executive can positively influence shareholder sentiment.

Key Dates