Company: MTZ
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013277
Chunk: 24

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 24
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                                       $300,000 |
| Lead Independent Director                          |     |                                       $30,000 |     |                                        $40,000 |
| Audit Committee Chair                              |     |                                       $20,000 |     |                                        $30,000 |
| Compensation Committee Chair                       |     |                                       $15,000 |     |                                        $15,000 |
| Nominating, Sustainability and Corporate           
 Governance Committee Chair                         |     |                                       $15,000 |     |                                        $15,000 |
| Finance and Mergers & Acquisitions Committee Chair |     |                                        $5,000 |     |                                         $5,000 |
| Stock Ownership Requirement                        |     |                                      $500,000 |     |                                       $500,000 |

Jorge Mas Compensation Jorge Mas has been an employee of MasTec (or its predecessor) since 1979 and Chairman of our Board since 1998. In addition, Mr. Mas previously served as Chief Executive Officer of MasTec, during which time, he had day-to-day policy making responsibilities. Despite relinquishing the CEO position, Mr. Mas, through his continuous service as our chairman, his in-depth knowledge of our industry and our Company, his relationships with governmental leaders who are critical to our business, as well as the special relationship he has to MasTec as a member of its founding family and as a significant shareholder, fulfills a vital role for the Company.

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TABLE OF CONTENTS

Although Jorge Mas does not have a policy making role, his involvement in MasTec’s management goes far beyond that of a director. His day-to-day role involves substantial consultation and collaboration with our CEO, Jose R. Mas, as well as other members of senior management. Jorge Mas provides constant and significant real-time assistance to our CEO and management team with respect to critical and sensitive strategic and other fundamental business issues such as government relations, mergers and acquisitions and financing. His commitment, both in time and substance, far exceeds that which would be contributed by a director. In addition, Mr. Mas’s breadth of industry knowledge and long tenured experience with the Company enable him to provide invaluable advice and counsel to our CEO and other members of management. Given this active role and Mr. Jorge Mas’s relationship to our CEO, beginning in 2017, the Board directed the Compensation Committee, made up entirely of independent directors, to determine appropriate compensation for Mr. Mas. Mr. Mas does not receive any compensation for his status as our Chairman of the Board.