Company: MTZ
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013277
Chunk: 49

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 49
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 19.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

| 49 |

TABLE OF CONTENTS

| Compensation Committee Report |

The following report of the Compensation Committee does not constitute soliciting material and should not be deemed filed or incorporated by reference into any of MasTec’s filings under the Securities Act of 1933, as amended, referred to as the Securities Act, or the Securities Exchange Act of 1934, as amended, referred to as the Exchange Act, except to the extent that we specifically incorporate such report by reference. In fulfilling our role, we met and held discussions with MasTec’s management and reviewed and discussed the Compensation Discussion and Analysis contained in this Proxy Statement on Schedule 14A. Based on the review and discussions with management and our business judgment, we recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement on Schedule 14A for filing with the SEC. Submitted by the Compensation Committee of the Board of Directors Ernst N. Csiszar, Chairman Robert J. Dwyer Javier Palomarez

| Named Executive Officer Compensation |

SUMMARY COMPENSATION TABLE FOR 2024 The following table summarizes the compensation information for the years ended December 31, 2024, 2023 and 2022 for our CEO and our other named executive officers other than our CFO as of the end of 2024, and for the years ended December 31, 2024 and 2023 for our CFO. We refer to these persons as our named executive officers elsewhere in this Proxy Statement.

|                                                         |     |       Year |     |     Salary |     |      Stock 
     Awards 
        (1) |     |     Non-Equity 
 Incentive Plan 
   Compensation |     |    All Other 
 Compensation 
          (3) |     |       Total |
| Jose R. Mas, CEO                                        |     |       2024 |     | $1,250,000 |     | $7,500,000 |     |     $2,000,000 |     |      $47,857 |     | $10,797,857 |
| 2023                                                    |     | $1,209,615 |     | $7,000,000 |     | $1,350,000 |     |        $44,068 |     |   $9,603,683 |     |             |
| 2022                                                    |