| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MTZ | Common Stock | Sale | -$1.25M | -10K | -4.22% | $125.04 | 227K | Sep 20, 2024 | Direct | F1, F2 |
| transaction | MTZ | Common Stock | Sale | -$1.28M | -10K | -4.4% | $127.50 | 217K | Sep 20, 2024 | Direct | F1, F3 |
| holding | MTZ | Common Stock | 12K | Sep 20, 2024 | By 401(k) Plan |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Mr. Apple, 74 years old, is systematically reducing his portfolio concentration in MasTec shares through a 10b5-1 plan, which has more than one pricing tranche. These 20,000 shares sold under the plan represent only 8% of the shares owned by Mr. Apple. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in 91 separate transactions, with prices ranging from $125.00 to $125.26 for an average weighted sales price of $125.04. The reporting person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold in each transaction. |
| F3 | Includes 117,095 shares of MasTec common stock contributed by the reporting person to The Apple Family Trust of which the reporting person and his wife are trustees and beneficiaries. |