Form 4: MasTec COO Robert Apple's Stock Transactions

MasTec COO Robert Apple reported a disposition of shares for tax purposes and a contribution to a family trust.

Summary

• Robert E. Apple, Chief Operating Officer (COO) and Director of MasTec Inc. (MTZ), reported transactions involving the company's common stock.
• On March 10, 2026, 12,206 shares of common stock were disposed of at a price of $297.81 per share.
• This disposition represents shares withheld by MasTec to cover taxes due upon the vesting of restricted stock.
• Following these transactions, Robert E. Apple directly beneficially owns 172,043 shares of common stock.
• This direct ownership includes 85,750 shares contributed by Mr. Apple to The Apple Family Trust, where he and his wife serve as trustees and beneficiaries.
• Additionally, Mr. Apple indirectly beneficially owns 12,068.373 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports routine insider transactions related to tax obligations and personal financial planning, which do not typically signal significant changes in the company's operational or financial health.

Positives

• The contribution of 85,750 shares to The Apple Family Trust indicates continued beneficial ownership and alignment of interests with shareholders, as Mr. Apple and his wife are trustees and beneficiaries.

Negatives

• A disposition of 12,206 shares occurred, though this was for tax withholding purposes upon restricted stock vesting, which is a routine event.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, specifically the disposition of shares to cover tax obligations upon the vesting of restricted stock, which is a common occurrence for executives receiving equity compensation. The contribution of shares to a family trust is also a standard personal financial planning move for high-net-worth individuals.

Related Party Transactions

• Robert E. Apple contributed 85,750 shares of MasTec common stock to The Apple Family Trust, of which he and his wife are trustees and beneficiaries.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction is routine for tax purposes and personal financial planning, not a sale driven by a change in company fundamentals.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically the disposition of shares for tax withholding upon restricted stock vesting and a contribution to a family trust. These actions are standard for executives and do not provide new information that would alter the investment thesis for MasTec Inc. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific insider report.

Keywords

MasTec, MTZ, Robert Apple, COO, Insider Transaction, Form 4, Stock Disposition, Restricted Stock, Tax Withholding, Beneficial Ownership, Family Trust