Form 4: MasTec EVP Alberto de Cardenas Reports Stock Disposal for Tax Obligations

Alberto de Cardenas, EVP and General Counsel of MasTec Inc., reports disposing of shares to cover tax obligations upon vesting of restricted stock.

Summary

• On March 18, 2024, Alberto de Cardenas, EVP and General Counsel of MasTec Inc. (MTZ), disposed of 2,535 shares of common stock to cover tax obligations.
• The shares were disposed of at a price of $86.36 per share.
• Following the transaction, de Cardenas directly owns 101,268 shares of MasTec Inc.
• De Cardenas also indirectly owns 7,966.2434 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction appears to be routine, covering tax obligations related to vested stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are common across various industries and companies, such as those made by executives at Quanta Services (PWR) or Dycom Industries (DY) when they engage in stock transactions.
• The details disclosed in this Form 4 are consistent with the level of information expected in such filings, aligning with industry benchmarks for transparency and regulatory compliance.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates