MasTec Officer Files Form 144 to Sell $72.7K in Common Stock for Tax Obligations
MASTEC INC
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Filing Summary
š Form 144 Notice of Proposed Sale: MASTEC INC ($MTZ) ā¢ Insider: Love Timothy Michael (Officer) ā¢ Proposed Sale: 366 shares of Common Stock ā¢ Estimated Total Value: $72,658.00 (~$198.52/share) ā¢ Broker: Charles Schwab & Co., Inc. ā¢ Plan Date: 05/18/2026 (Rule 10b5-1 plan) ā¢ Reason/Remarks: Shares sold to cover tax obligations from settlement of vested RSUs. ā¢ Trading Significance: Low
Comprehensive Analysis
Executive Summary
On November 2, 2026, Love Timothy Michael, an Officer at MASTEC INC ($MTZ), filed a Form 144 notice disclosing the proposed sale of 366 shares of Common Stock with an estimated aggregate market value of $72,658.00 (~$198.52 per share).
Transaction Details
- Security: Common Stock
- Shares to be Sold: 366
- Aggregate Market Value: $72,658.00
- Approximate Sale Date: November 2, 2026
- Broker: Charles Schwab & Co., Inc.
- Origin of Shares: Acquired on November 2, 2026, via restricted stock unit vesting.
- Plan Adoption Date: May 18, 2026 (pre-scheduled 10b5-1 trading plan)
- Remarks: Sale is designated to cover tax withholding obligations resulting from the settlement of vested RSUs.
Trading Significance Assessment
- Significance Level: Low
- Rationale: The transaction represents an immaterial fraction of MasTec's 80,300,833 shares outstanding. The sale is routine, non-discretionary sell-to-cover activity pursuant to a pre-arranged Rule 10b5-1 trading plan adopted earlier in the year.
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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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