COO Apple Robert E sold $2,580,006 worth of shares (19,023 units at $135.63), decreasing direct ownership by 9% to 197,202 units (SEC Form 4)
$MTZ
Water Sewer Pipeline Comm & Power Line Construction
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a 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). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
MASTEC INC [ MTZ ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/01/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 11/01/2024 | S | 1,211(1) | D | $133.0268(2) | 215,014 | D | |||
| Common Stock | 11/01/2024 | S | 2,331(1) | D | $133.9758(3) | 212,683 | D | |||
| Common Stock | 11/01/2024 | S | 5,956(1) | D | $135.179(4) | 206,727 | D | |||
| Common Stock | 11/01/2024 | S | 5,338(1) | D | $136.1525(5) | 201,389 | D | |||
| Common Stock | 11/01/2024 | S | 3,253(1) | D | $137.0407(6) | 198,136 | D | |||
| Common Stock | 11/01/2024 | S | 840(1) | D | $137.9261(7) | 197,296 | D | |||
| Common Stock | 11/01/2024 | S | 94(1) | D | $138.8667 | 197,202(8) | D | |||
| Common Stock | 12,017.0979 | I | By 401(k) Plan | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. 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. |
| 2. 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. |
| 3. 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. |
| 4. 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. |
| 5. 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. |
| 6. 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. |
| 7. 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. |
| 8. 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 |
| Remarks: |
| \s\ Alberto de Cardenas For: Robert Apple | 11/05/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||