MAS JORGE 4
4 · MASTEC INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
MasTec (MTZ) Director Jorge Mas Sells 15,958 Shares (Tax Withholding)
What Happened
Jorge Mas, a director of MasTec, had 15,958 shares withheld by the company to cover taxes due upon vesting of restricted stock (transaction code F). The withheld shares were valued at $297.81 each, for a total disposition of $4,752,452. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-03-10; reported on Form 4 filed 2026-03-12 (appears timely).
- Price per share: $297.81; Shares disposed: 15,958; Total value: $4,752,452.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Shares withheld by the issuer to pay taxes due upon vesting of restricted stock.
- F2–F5: Disclosures of shares held by related trusts and entities (Jorge Mas Irrevocable Family Trust, Mas Equity Partners III, Mas Family Foundation, Jorge Mas Holdings I, LLC) and disclaimers regarding beneficial ownership.
- Transaction code: F (tax withholding / payment of tax liability).
Context
Tax-withholding dispositions are routine when restricted stock vests and the company retains shares to satisfy tax obligations; they are not the same as an insider selling shares in the open market and generally do not signal a change in sentiment. The filing includes entity and trust holdings and related disclaimers, indicating some shares are held through family trusts and controlled entities rather than directly by the reporting person.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-10$297.81/sh−15,958$4,752,452→ 4,540,848 total
- 848,941(indirect: Indirect)
Common Stock
[F2] - 276,000(indirect: Indirect)
Common Stock
[F3] - 100,000(indirect: Indirect)
Common Stock
[F4] - 5,665,484(indirect: Indirect)
Common Stock
[F5]
Footnotes (5)
- [F1]Shares disposed of represent shares withheld by the Issuer to pay taxes due upon vesting of restricted stock.
- [F2]Shares held by the Jorge Mas Irrevocable Family Trust dated August 7, 2018, one of the trustees of which is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purpose of Section 16 or for any other purpose.
- [F3]Shares owned by Mas Equity Partners III, LLC, a Delaware limited liability company ("MEP III"), in which Mas Equity Partners, LLC ("MEP") is a member. The sole member of MEP is the reporting person. The reporting person disclaims beneficial ownership of the securities held by MEP III except to the extent of his pecuniary interest therein.
- [F4]Shares owned of record by the Mas Family Foundation, Inc., a Florida not-for-profit corporation (the "Family Foundation"), of which the reporting person is the president. The reporting person disclaims beneficial ownership of all shares owned by the Family Foundation.
- [F5]Shares owned of record by Jorge Mas Holdings I, LLC, a Florida limited liability company, which is controlled by Jorge Mas Holdings, LLC, a Florida limited liability company, of which the reporting person is the sole member.