Company: MTZ
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013277
Chunk: 58

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 58
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| Company Car                               |     |             |     |             |     |        $12,000 |     |    $12,000 |
| Total Benefits & Perquisites              |     |             |     |             |     |        $41,800 |     |    $41,800 |
| OVERALL TOTAL                             |     |  $5,931,211 |     |  $5,931,211 |     |     $8,328,011 |     | $9,505,511 |

| (1) | Represents the closing price on the NYSE for a share of MasTec’s common stock on December 31, 2024, the last trading day of 2024 ($136.14), multiplied by the number of restricted shares that would have been subject to accelerated or continued vesting. |

EMPLOYMENT AND OTHER AGREEMENTS Employment Agreements On April 18, 2007, MasTec entered an employment agreement with Jose R. Mas, MasTec’s President and CEO, effective as of April 18, 2007, and amended on March 31, 2014. The term of the agreement continues until the agreement is terminated in accordance with the terms and provisions thereof. The agreement provides that Mr. Mas is to receive an annual salary, subject to Compensation Committee adjustment. The agreement also provides that Mr. Mas shall be eligible for annual performance bonuses of up to his base salary based on the achievement of goals established by the Compensation Committee of the Board. If Mr. Mas’s employment is terminated other than for cause and he has not breached certain of his obligations set forth in the agreement, then any unvested equity awards would continue to vest, and all equity awards would remain exercisable for the full term of the grant. Upon Mr. Mas’s death or disability, any unvested equity awards would vest immediately. The agreement further provides for change of control and termination payments as described above in the “ Potential Payments upon Change in Control and Termination of Employment as of December 31, 2024” section beginning on page 53. The agreement also contains confidentiality, non-competition and non-solicitation provisions, compliance with which is a condition to receipt of certain amounts or benefits payable under the agreements. Effective January 1, 2010, MasTec entered an employment agreement with Robert Apple relating to his employment as COO, which agreement was amended on March 31, 2014. The agreement remains in effect until terminated and provides