MTZ Form 4: Ava L. Parker Issues 295 Shares, 33 Withheld for Taxes
Rhea-AI Filing Summary
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.
Positive
- Transparent Section 16 disclosure of director compensation and tax withholding with specifics on shares and deferral
- Use of deferred fee plan indicates alignment of director pay with long-term ownership
Negative
- No material negative events disclosed in this Form 4
Insights
TL;DR: Routine director compensation and tax-withholding activity; no change in control or material dilution.
The reported transactions are standard for director remuneration: issuance of 295 shares as compensation with an election to defer 147 shares under the director deferred fee plan, and withholding of 33 shares to satisfy tax obligations on vested restricted stock. The filings show the reporting person remains a director and the ownership after these transactions is 4,869 shares. There is no indication of sales to third parties, no derivative activity, and no material change to outstanding share count disclosed here. This is a routine disclosure under Section 16.
TL;DR: Disclosure aligns with Section 16 reporting requirements; transaction codes indicate compensation and tax withholding.
The Form 4 uses Transaction Code A for shares acquired as compensation and Code F for shares disposed to cover tax withholding. The report includes the required explanatory note that share quantity for compensation was calculated using the closing price on August 14, 2025. The filing appears complete for the transactions reported and is signed by an authorized filer on behalf of the reporting person.