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Insider Notice: MasTec (MTZ) Plans Sale of 10,000 Common Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 notice for MasTec, Inc. (MTZ) indicating a proposed sale of 10,000 common shares through Merrill Lynch on 09/18/2025 with an aggregate market value of $2,000,000. The filing shows the issuer has 79,234,966 shares outstanding.

The securities to be sold were acquired as vested restricted shares: 1,073 shares on 03/19/2023 and 8,927 shares on 03/18/2024. A prior sale by the same person of 10,000 MasTec shares occurred on 07/16/2025 for gross proceeds of $1,749,500. The filer certifies no undisclosed material adverse information is known.

Positive

  • Clear disclosure of broker, share counts, acquisition dates, and proposed sale date
  • Prior sale in the filing shows recent transaction history (10,000 shares sold on 07/16/2025 for $1,749,500), improving transparency
  • Shares originated from vested restricted stock, with acquisition dates provided (03/19/2023 and 03/18/2024)

Negative

  • Limited issuer/filer identification in the provided content: filer CIK/CCC and contact details are not populated
  • No context on rationale for the sale or relationship of the seller to issuer beyond listing the seller name in the past-sales table

Insights

TL;DR Insider proposes to sell 10,000 shares via Merrill Lynch; transaction appears routine and fully disclosed on Form 144.

The filing documents a proposed sale of 10,000 common shares valued at $2,000,000 scheduled for 09/18/2025 and identifies prior sales of 10,000 shares on 07/16/2025 for $1,749,500. Acquisition details show the shares originated as vested restricted stock (1,073 on 03/19/2023 and 8,927 on 03/18/2024). The disclosure meets Rule 144 reporting by showing broker, share counts, acquisition dates, and recent transactions. This is a compliance-focused filing rather than a change to company operations or financials.

TL;DR The document is a routine insider sale notice that provides required transparency but does not signal a governance event.

The notice includes the broker name and address (Merrill Lynch), acquisition provenance (vested restricted shares from MasTec, Inc.), and a seller representation regarding material information. The presence of a recent prior sale (07/16/2025) is disclosed. From a governance perspective, the form documents adherence to disclosure obligations; it does not contain executive departures, policy changes, or other governance actions.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Form 144 for MasTec, Inc. (MTZ) report?

The form reports a proposed sale of 10,000 common shares via Merrill Lynch on 09/18/2025 with aggregate market value $2,000,000.

How many shares does MasTec have outstanding according to this filing?

The filing lists 79,234,966 shares outstanding for the issuer.

When were the shares being sold originally acquired?

They were acquired as vested restricted shares: 1,073 on 03/19/2023 and 8,927 on 03/18/2024.

Was there a recent sale by the same person prior to this proposed sale?

Yes. The filer sold 10,000 MasTec shares on 07/16/2025 for gross proceeds of $1,749,500.

Which broker is handling the proposed sale?

The broker named is Merrill Lynch at 333 S Hope Street, 39th Floor, Los Angeles, CA 90071.