Robert Apple - Nov 1, 2024 Form 4 Insider Report for MASTEC INC (MTZ)

Role
COO
Signature
\s\ Alberto de Cardenas For: Robert Apple
Stock symbol
MTZ
Transactions as of
Nov 1, 2024
Transactions value $
-$2,580,006
Form type
4
Date filed
11/5/2024, 04:59 PM
Previous filing
Oct 9, 2024
Next filing
Nov 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTZ Common Stock Sale -$161K -1.21K -0.56% $133.03 215K Nov 1, 2024 Direct F1, F2
transaction MTZ Common Stock Sale -$312K -2.33K -1.08% $133.98 213K Nov 1, 2024 Direct F1, F3
transaction MTZ Common Stock Sale -$805K -5.96K -2.8% $135.18 207K Nov 1, 2024 Direct F1, F4
transaction MTZ Common Stock Sale -$727K -5.34K -2.58% $136.15 201K Nov 1, 2024 Direct F1, F5
transaction MTZ Common Stock Sale -$446K -3.25K -1.62% $137.04 198K Nov 1, 2024 Direct F1, F6
transaction MTZ Common Stock Sale -$116K -840 -0.42% $137.93 197K Nov 1, 2024 Direct F1, F7
transaction MTZ Common Stock Sale -$13.1K -94 -0.05% $138.87 197K Nov 1, 2024 Direct F1, F8
holding MTZ Common Stock 12K Nov 1, 2024 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

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 19,023 shares sold under the plan represent 8.8% of the shares owned by Mr. Apple.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in 34 separate transactions, with prices ranging from $132.5100 to $133.4646 for an average weighted sales price of $133.0268. 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 The price reported in Column 4 is a weighted average price. These shares were sold in 29 separate transactions, with prices ranging from $133.5213 to $134.4000 for an average weighted sales price of $133.9758. 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in 71 separate transactions, with prices ranging from $134.5654 to $135.5400 for an average weighted sales price of $135.1790. 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in 51 separate transactions, with prices ranging from $135.5759 to $136.5700 for an average weighted sales price of $136.1525. 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in 39 separate transactions, with prices ranging from $136.5810 to $137.5400 for an average weighted sales price of $137.0407. 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in 18 separate transactions, with prices ranging from $137.6000 to $138.4721 for an average weighted sales price of $137.9261. 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.
F8 Includes 97,095 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