Form 4: MasTec COO Robert Apple Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Robert Apple, COO of MasTec Inc., disposed of 7,527 shares of common stock on March 18, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 18, 2024, Robert Apple, the COO of MasTec Inc. (MTZ), reported a transaction involving the disposal of 7,527 shares of common stock.
- The shares were disposed of to cover tax obligations arising from the vesting of restricted stock.
- The transaction was executed at a price of $86.36 per share.
- Following the transaction, Apple directly owns 237,202 shares and indirectly owns 11,945.386 shares through a 401(k) plan.
- Included in the directly owned shares are 121,073 shares held in The Apple Family Trust, where Apple and his wife serve as trustees and beneficiaries.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) and doesn't indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of stock disposal transaction. |
| 03/20/2024 | Date of signature on the Form 4 filing. |
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