Company: MTZ
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013277
Chunk: 71

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 71
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JRM Tranche 1 Components” or “JRM Tranche 2 Components”). The number of shares of Company common stock (or cash equivalent) to be delivered to the buyer on the valuation date of each JRM Tranche 1 Component or JRM Tranche 2 Component is to be determined as follows: (a) if the Valuation Price for the applicable JRM Tranche 1 Component or JRM Tranche 2 Component is less than or equal to the Tranche 1 Floor Price or Tranche 2 Floor Price, respectively, Jose R. Mas will deliver to the buyer all of the Jose R. Mas Pledged Shares (or cash equivalent) for the applicable JRM Tranche 1 Component or JRM Tranche 2 Component; (b) if such Valuation Price for the applicable JRM Tranche 1 Component or JRM Tranche 2 Component is greater than the Tranche 1 Floor Price or Tranche 2 Floor Price, respectively, but less than or equal to the Tranche 1 Cap Price or the Tranche 2 Cap Price, respectively, Jose R. Mas will deliver to the buyer the number of shares equal to 100% of the Jose R. Mas Pledged Shares for the applicable JRM Tranche 1 Component or JRM Tranche 2 Component multiplied by the quotient of the applicable Floor Price divided by such Valuation Price (or cash equivalent) and (c) if such Valuation Price for the applicable JRM Tranche 1 Component or JRM Tranche 2 Component exceeds the Tranche 1 Cap Price or the Tranche 2 Cap Price, respectively, Jose R. Mas will deliver to the buyer the number of shares equal to 100% of Jose R. Mas Pledged Shares for the applicable JRM Tranche 1 Component or JRM Tranche 2 Component multiplied by the quotient of (x) the applicable Floor Price plus such excess divided by (y) such Valuation Price (or cash equivalent). Each component is exercisable on the same date as it expires, which date for each component, occurs between August 17, 2026, and September 4, 2026. Jose R. Mas disclaims beneficial ownership of all shares of common stock held by the JM Trust, the JR Trust and the Family Foundation, except, in each case, to the extent of his pecuniary interest therein.

| (5) | Excludes 59,220 shares that Ms. Johnson elected to