Form 4: MasTec Director Ava Parker adds 243 net shares

MasTec director Ava L. Parker received 274 shares as part of quarterly equity compensation, deferred 137 shares, and had 31 shares withheld for taxes, ending with 5,112 directly held shares.

Summary

• Ava L. Parker (Director) reported equity compensation and tax-withholding transactions dated 11/14/2025.
• Acquired 274 shares of MasTec common stock at $0 as part of quarterly director compensation.
• Deferred 137 of the 274 shares under the Issuer's Deferred Fee Plan for Directors.
• 31 shares were withheld at $192.22 per share to cover taxes upon restricted stock vesting.
• Net increase in beneficial ownership: +243 shares (274 acquired minus 31 withheld).
• Ending directly held beneficial ownership: 5,112 shares.
• Form signed on 11/18/2025 by Alberto de Cardenas for Ava L. Parker.

Sentiment

Score: 5

Explanation: Routine director equity compensation and tax withholding with a modest net increase in holdings; no operational or financial performance implications.

Positives

• Increase in insider ownership: net +243 shares.
• Director elected to take a portion of compensation in equity, signaling alignment with shareholders.
• Use of a formal Deferred Fee Plan for Directors provides transparency on compensation deferral.

Negatives

• No open-market purchase; shares were received as compensation at $0.
• 31 shares were disposed of to satisfy tax obligations at $192.22 per share, slightly reducing the gross addition.

Future Outlook

NA

Management Comments

• Portion of quarterly director compensation was taken in shares calculated using the 11/14/2025 closing price; 137 of these shares were deferred under the Deferred Fee Plan for Directors.
• Shares disposed represent issuer-withheld shares to cover taxes due upon restricted stock vesting.

Industry Context

Routine insider equity compensation, deferral elections, and tax-withholding transactions are standard across engineering and construction peers and typically do not signal operational changes.

Comparison to Industry Standards

• Consistent with peer practices at Quanta Services (PWR), Jacobs Solutions (J), and EMCOR Group (EME), where directors often receive equity as part of quarterly compensation and may defer shares under board fee deferral plans.
• Tax withholding via share net settlement upon vesting of restricted stock is a common administrative approach among large U.S. contractors and infrastructure service firms.

Related Party Transactions

• Director received equity compensation and elected to defer 137 shares under the Issuer's Deferred Fee Plan for Directors.

Stakeholder Impact

• Minimal dilution impact due to small share amounts.
• Slightly positive alignment signal as a director increased net share ownership.

Next Steps

• Deferred 137 shares to be settled at a future date in accordance with the Deferred Fee Plan for Directors.

Key Dates

Keywords

MasTec, MTZ, Form 4, insider transaction, Ava L. Parker, director compensation, restricted stock, deferred fee plan, tax withholding, beneficial ownership