Form 4: MasTec Director Javier Palomarez Reports Stock Transactions
SEC Form 4 Filing
Director Javier Palomarez reported acquiring shares and disposing of shares to cover tax obligations related to vesting restricted stock.
Summary
- On May 15, 2024, Javier Alberto Palomarez, a director of MasTec Inc., reported transactions involving the company's common stock.
- Palomarez acquired 373 shares of common stock at $0.
- He also disposed of 83 shares at $106.99 to cover taxes due upon the vesting of restricted stock.
- Following these transactions, Palomarez directly owns 10,306 shares of MasTec Inc.
- The transactions were reported on May 17, 2024.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company director, with no inherently positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to standard compensation practices for company directors.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock acquisition and disposal. |
| 05/17/2024 | Date of Form 4 filing. |
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