Director at MasTec (NYSE: MTZ) gets stock award and covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasTec director Javier Alberto Palomarez reported routine equity compensation activity. He received a grant of 95 shares of common stock, increasing his direct holdings to 10,687 shares. On the same date, 21 shares were withheld by the company at $434.77 per share to cover taxes on vesting of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Palomarez Javier Alberto
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 95 | $0.00 | -- |
| Tax Withholding | Common Stock | 21 | $434.77 | $9K |
Holdings After Transaction:
Common Stock — 10,687 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 21 shares
Tax withholding price: $434.77 per share
Stock grant: 95 shares
+2 more
5 metrics
Tax-withheld shares
21 shares
Withheld to pay taxes on restricted stock vesting
Tax withholding price
<money>$434.77</money> per share
Value for 21 shares withheld for taxes
Stock grant
95 shares
Grant/award acquisition of common stock
Holdings after grant
10,687 shares
Total common shares directly owned after transactions
Tax-withholding shares (summary)
21 shares
TaxWithholdingShares in transactionSummary
Key Terms
restricted stock, tax-withholding disposition, grant/award acquisition, Form 4, +1 more
5 terms
restricted stock financial
"taxes due upon vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant/award acquisition financial
"transaction_action": "grant/award acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transactions did MasTec (MTZ) director Javier Alberto Palomarez report?
He reported a small stock grant and related tax withholding. Palomarez received 95 shares of MasTec common stock and had 21 shares withheld by the company to cover taxes due upon vesting of restricted stock, leaving him with 10,687 shares directly owned.
Was the MasTec (MTZ) insider activity a market sale or a tax withholding?
The disposition was tax withholding, not an open-market sale. The 21 shares were withheld by MasTec to pay taxes on vested restricted stock, as described in the footnote, which is a standard, non-discretionary part of equity compensation administration.
What do the A and F transaction codes mean in the MasTec (MTZ) Form 4?
Code A indicates a grant or award acquisition of shares, here 95 common shares. Code F indicates shares disposed of to pay taxes or exercise costs; in this filing, 21 shares were withheld by MasTec to cover taxes on restricted stock vesting.
Did the MasTec (MTZ) Form 4 show any option exercises or derivative transactions?
No derivative transactions are listed in the provided data. Both reported entries involve MasTec common stock as non-derivative securities, with one grant of 95 shares and one 21-share tax-withholding disposition related to restricted stock vesting on the same transaction date.