MasTec SEC Filings

MasTec Schedule 13D/A update: This amendment reports that Jose Ramon Mas and affiliated entities together beneficially own 6,186,877 shares, representing 7.8% of MasTec (based on 78,907,954 shares outstanding). The filing discloses an August 18, 2025 amendment to a prepaid variable forward sale contract that revised the Floor and Cap prices for Tranche 2 components, adjusted share counts and reduced the number of shares pledged under the contract to 340,794.

The prepaid forward permits settlement in cash or shares on specified valuation dates in August or September 2026 or 2027, with delivery formulas tied to the VWAP on those dates and defined Tranche 1 and Tranche 2 Floor and Cap Prices. The stated purpose of the original prepaid forward was to provide funds for investment in the Miami Major League Soccer franchise. The reporting persons retain voting rights in the pledged shares during the pledge term.

Jorge Mas, via Jorge Mas Holdings I, LLC ("JM Holdings I"), filed a Form 4 reporting amendments to a prepaid variable forward sale contract covering MasTec, Inc. (MTZ) common stock. The Amended Agreement reduced the number of pledged shares from 1,176,933 to 1,099,335 and preserves JM Holdings I's ownership and voting rights in those pledged shares. The amendment, effective based on VWAP measured to August 21, 2025, adjusts Floor and Cap Prices and allows settlement, at JM Holdings I's option, in cash or shares. Each component may be exercisable/settled between August 17, 2026 and September 3, 2027. The filing clarifies the mechanics for deliverable shares depending on valuation prices.

Jose Ramon Mas, CEO and director of MasTec, Inc. (MTZ), reported amendments to a prepaid variable forward sale contract securing previously pledged shares. The agreement was amended to adjust valuation terms and reduce pledged shares from 364,850 to 340,794 shares, with settlement exercisable in cash or common stock. The pledged shares are split into two tranches with 15 components each and each component exercisable/expiring between Aug 17, 2026 and Sep 3, 2027. The reporting person retains ownership and voting rights in all pledged shares during the pledge term.

MasTec, Inc. (MTZ) director Ava L. Parker reported two transactions on 08/15/2025. She was issued 295 shares of common stock as part of her quarterly director compensation at no cash price, with 147 of those shares deferred under the company's Deferred Fee Plan for Directors. Separately, 33 shares were withheld by the issuer to satisfy tax withholding upon vesting of restricted stock for an aggregate beneficial ownership of 4,869 shares following the transactions. The Form 4 was signed on 08/19/2025.

Robert C. Campbell, a director of MasTec, Inc. (MTZ), reported an acquisition of 232 shares of the company’s common stock on 08/15/2025. The Form 4 shows 38,277 shares beneficially owned by Mr. Campbell following the reported transaction. The filing lists a price of $0 for the transaction and is signed on 08/19/2025.

Javier Alberto Palomarez, a director of MasTec, Inc. (MTZ), reported equity transactions on 08/15/2025. The filing shows an acquisition of 232 shares of common stock recorded as an acquisition at $0, and a related disposition of 52 shares at $178 each. After these transactions he beneficially owned 11,255 shares (the filing also shows 11,307 before the disposition). The filing explains the 52 shares were withheld by the issuer to pay taxes due upon vesting of restricted stock. The Form 4 is signed on behalf of Mr. Palomarez on 08/19/2025.

Julia L. Johnson, a director of MasTec, Inc. (MTZ), reported an acquisition of 232 shares of MasTec common stock on 08/15/2025. The reported transaction code is "A" and the price is shown as $0. After the transaction she beneficially owns 72,871 shares. The Form 4 was signed on 08/19/2025 and filed as an individual filing by one reporting person.

Robert J. Dwyer, a director of MasTec, Inc. (MTZ), reported two transactions on 08/15/2025. He received 232 shares of MasTec common stock at $0 (likely vesting of restricted shares) bringing his beneficial ownership to 20,543 shares. On the same date 52 shares were disposed of at $178 per share, and the filing explains those 52 shares were withheld by the issuer to cover taxes due upon vesting, reducing his holdings to 20,491 shares. The Form 4 was signed on behalf of Mr. Dwyer on 08/19/2025.

Ernst N. Csiszar, a director of MasTec, Inc. (MTZ), reported equity transactions on 08/15/2025. On that date Mr. Csiszar had 254 shares of Common Stock issued to him (reported as acquisition at $0, consistent with shares vesting) and 56 shares were disposed (reported at $178) to satisfy tax withholding. After these transactions he is shown as beneficially owning 23,421 shares. The filing includes an explanatory note that the 56 shares were withheld by the issuer to pay taxes due upon vesting of restricted stock. The Form 4 is signed on behalf of the reporting person on 08/19/2025.