Paul DiMarco - Oct 2, 2023 Form 4 Insider Report for MASTEC INC (MTZ)

Role
CFO
Signature
\s\ Alberto de Cardenas For: Paul DiMarco
Stock symbol
MTZ
Transactions as of
Oct 2, 2023
Transactions value $
-$95,038
Form type
4
Date filed
10/4/2023, 04:29 PM
Previous filing
Apr 11, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTZ Common Stock Sale -$95K -1.33K -7.42% $71.35 16.6K Oct 2, 2023 Direct F1, F2
holding MTZ Common Stock 145 Oct 2, 2023 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 Sales pursuant to a 10b5-1 plan adopted on December 16, 2022 to cover tax withholding obligations in connection with the vesting of restricted stock. The sales were to satisfy tax withholding obligations to be funded by "sell to cover" transactions and do not represent discretionary transactions by the reporting person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in two separate transactions with prices ranging from $71.3500 to $71.4300 for an average weighted sales price of $71.3505. 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 at each separate price within the range set forth in this footnote.