Company: MTZ
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013277
Chunk: 65

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 65
---
 to Compensation Actually Paid to our CEO and Other NEOs in fiscal 2024, in accordance with Item 402(v) of Regulation S-K. adjusted EBITDA is a non-GAAP financial measure. For a description of the rationale for our presentation of adjusted EBITDA and a reconciliation of net income to adjusted EBITDA, please see the Non-GAAP Reconciliations. |

PERFORMANCE MEASURES The following table lists the most important financial measures used by us to link compensation actually paid to our named executive officers for 2024 to company performance.

| Financial Performance Measures       |
| Adjusted EBITDA                      |
| Return on Invested Capital           |
| Three Year Revenue Growth            |
| Three Year Earnings per Share Growth |

| 62 |

TABLE OF CONTENTS RELATIONSHIP BETWEEN PAY AND FINANCIAL PERFORMANCE The charts below describe the relationship between compensation actually paid to our CEO and other NEOs (as calculated above) and our financial and stock performance.

| 63 |

TABLE OF CONTENTS

| PROPOSAL NO. 3: Vote on a Non-Binding Advisory Resolution to Approve the Compensation of the Company’s Named Executive Officers |

As required by Section 14A of the Exchange Act, we are seeking advisory shareholder approval of the compensation of our NEOs as disclosed in the section of this Proxy Statement titled “Compensation Discussion and Analysis” including the tables that follow. We are asking shareholders to vote on the following advisory resolution: “RESOLVED, that the holders of the Company’s common stock advise that they approve the compensation of the Company’s NEOs as disclosed pursuant to the compensation disclosure rules of the SEC (which disclosure includes the Compensation Discussion and Analysis, the compensation tables and the related footnotes, and the narrative information accompanying the tables).” Although your vote is advisory and therefore non-binding, the Board will consider the outcome of the vote when considering future executive compensation decisions for NEOs. We urge shareholders to read the Compensation Discussion and Analysis (“CD&A”) section of this Proxy Statement, which details our compensation actions for the year ended December 31, 2024. As described in the CD&A, we believe that the compensation paid to our NEOs for 2024 appropriately considers our demonstrated ability to increase revenue, operating results and profitability over the short- and long-term because of the continued leadership of these NEOs. We believe that our compensation programs and policies and the compensation decisions for 2024 as described in the CD&A appropriately reward our NEOs for their and the