Timothy Michael Love - 02 Oct 2023 Form 4 Insider Report for MASTEC INC (MTZ)

Role
CAO
Signature
\s\ Alberto de Cardenas For: Timothy Michael Love
Issuer symbol
MTZ
Transactions as of
02 Oct 2023
Transactions value $
-$78,249
Form type
4
Filing time
04 Oct 2023, 16:30:46 UTC
Previous filing
26 May 2023
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTZ Common Stock Sale -$78.2K -1.1K -9.42% $71.46 10.5K 02 Oct 2023 Direct F1
holding MTZ Common Stock 3.48K 02 Oct 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 Sale pursuant to a 10b5-1 plan adopted on December 20, 2022 to cover tax withholding obligations in connection with the vesting of restricted stock. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the reporting person.