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MasTec CAO Timothy Michael Love Executes Routine Sell-to-Cover Under 10b5-1 Plan
MASTEC INC
$MTZ4CIK: 0000015615
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Filing Summary
=== MasTec Inc. (MTZ) Form 4 Transaction ===
Insider: Timothy Michael Love (CAO)
Date: 2026-11-02
Type: Open Market Sale (Sell to Cover)
Shares: 366 @ $198.52
Total Value: $72,658.32
Direct Post-Holding: 9,926 shares
Indirect Post-Holding: 4,056.42 shares (401(k))
Significance: Low (Mandated 10b5-1 tax withholding)
Comprehensive Analysis
Executive Summary
On November 2, 2026, Timothy Michael Love, Chief Accounting Officer (CAO) of MasTec Inc. ($MTZ), disposed of 366 shares of Common Stock at an average price of $198.52 per share, generating gross proceeds of approximately $72,658.32.
Transaction Nature & Significance
- Significance Level: Low
- Mandatory Tax Withholding: As stated in the footnotes, this sale was executed under a Rule 10b5-1 trading plan adopted on May 18, 2026, specifically to satisfy tax withholding obligations associated with the vesting of restricted stock awards.
- Non-Discretionary: The transaction was an automatic "sell to cover" and does not reflect a discretionary open-market disposition or a change in executive sentiment regarding the company's financial outlook.
Ownership Profile Post-Transaction
Following this transaction:
- Direct Ownership: 9,926 shares of Common Stock remain directly held.
- Indirect Ownership: 4,056.42 shares held indirectly through a 401(k) Plan.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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