Company: MTZ
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013277
Chunk: 61

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 61
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 and determined the median employee. |

| • | We calculated annual total compensation for our median employee in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K. |

| • | The 2024 W-2 annualized wage for our median employee is $104,535. |

Jose R. Mas, our CEO, had 2024 W-2 compensation of $7,650,346. Mr. Mas’ compensation included base salary of $1,250,000, cash bonus of $1,350,000, restricted stock of $5,002,489 and other fringes and benefits of $47,857. The pay ratio for 2024 is 73.2.

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TABLE OF CONTENTS

PAY VERSUS PERFORMANCE In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation and Company performance for fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the fiscal years shown.

| Year |     |    SCT Total 
 Compensation 
  for CEO (1) |     |     Compensation 
 Actually Paid to 
          CEO (2) |     |      Average 
    SCT Total 
 Compensation 
    for Other 
     NEOs (1) |     |       Average 
  Compensation 
 Actually Paid 
      to Other 
      NEOs (2) |     |         Total 
   Shareholder 
 Return (Value 
    of initial 
    fixed $100 
   investment) 
           (3) |     |        Peer Group 
             Total 
       Shareholder 
            Return 
 (Value of initial 
        fixed $100 
       investment) 
           (3) (4) |     |    Net 
 Income 
   ($M) |     | Adjusted 
   EBITDA 
     ($M) 
      (5) |
| 2024 |     |  $10,797,857 |     |      $23,783,003 |     |   $4,057,406 |     |    $9,639,385 |     |       $212.19 |     |           $362.64 |     | $199.4 |     | $1,005.6 |
| 2023 |     |   $9,603,683 |     |       $7,164,886 |     |