Form 4: MasTec Director Palomarez Reports Stock Transactions
SEC Form 4 Filing
Javier Alberto Palomarez, a director at MasTec Inc., reported the acquisition and disposal of common stock on August 15, 2024, according to a Form 4 filing.
Summary
- On August 15, 2024, Javier Alberto Palomarez, a director at MasTec Inc., engaged in transactions involving the company's common stock.
- Palomarez acquired 373 shares of common stock at a price of $0.
- He also disposed of 83 shares of common stock at a price of $110.78.
- Following these transactions, Palomarez beneficially owns 10,596 shares of MasTec Inc.
- The disposal of shares was to cover taxes due upon the vesting of restricted stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity, which is closely monitored for compliance and potential insights into company performance.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock acquisition and disposal transactions. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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