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

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 25
---
 For 2024, pursuant to applicable recommendations and approvals of the Compensation Committee and the independent directors of the Board (including those serving on the Compensation Committee), Mr. Jorge Mas received the following compensation package for 2024:

| • | The grant by the Compensation Committee on March 18, 2025, of a cash bonus of $1,200,000 and a grant of 37,028 shares of restricted stock with a market value of approximately $4,500,000.1 |

| • | Mr. Mas also received: (i) imputed income of $10,373 for life insurance policies on the lives of Mr. and Mrs. Jorge Mas that are owned by MasTec and are subject to a split dollar arrangement, (ii) medical insurance benefits of $12,600, (iii) Executive Supplemental Long-Term Disability benefits of $7,656, (iv) auto lease of $26,843, (v) miscellaneous income of $12,600 and (vi) $25 of employee anniversary and holiday gift cards. See the“Certain Relationships and Related Party Transactions” section on page69for a description of the split-dollar agreement that MasTec entered into with Mr. Jorge Mas. |

1 The grant date value of the restricted stock award, which vests three years after the grant date, is based on the closing market price of $121.53 for a share of our common stock on March 18, 2025. Deferred Fee Plan Under the terms of the MasTec, Inc. Deferred Fee Plan for Directors, as amended, or the Deferred Fee Plan, directors may elect to defer the receipt of cash and stock fees for their services as directors. Each director may elect the type and percentage of fees to be deferred. Deferred cash fees may be directed to a deferred cash account or a deferred stock account (or both). Deferred stock fees may only be directed to a deferred stock account. Elections to defer fees remain in force unless amended or revoked within the required time periods. MasTec will periodically credit gains, losses and earnings to a director’s deferred cash account in accordance with the investment options selected by the director, until the full balance of the director’s deferred cash account has been distributed. The deferred stock account will be credited with stock dividends (or with cash dividends that are converted to deferred stock credits pursuant to the Deferred Fee Plan). Distribution of a director’s cash and stock accounts will begin on January 15 of the year following the directors’ termination of all services with us or