Form 4: Mastec Director Ava L. Parker Reports Stock Transactions

Director Ava L. Parker of Mastec Inc. reported acquiring 388 shares of common stock and disposing of 86 shares to cover taxes on vested restricted stock.

Summary

• Ava L. Parker, a director at Mastec Inc., reported a transaction involving the company's common stock.
• On November 15, 2024, Ms. Parker acquired 388 shares of common stock at a price of $0.
• On the same day, she disposed of 86 shares at a price of $135.32 per share.
• The disposal of shares was to cover taxes due upon the vesting of restricted stock.
• Following these transactions, Ms. Parker beneficially owns 3,966 shares of Mastec Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by a director, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US.
• The transactions are typical for directors who receive stock-based compensation.
• The tax withholding is a common practice when restricted stock vests.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the director's confidence in the company.

Key Dates

Keywords

Mastec Inc, stock transaction, Form 4, insider trading, Ava L. Parker, director, common stock, restricted stock, tax withholding