Company: MTZ
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013277
Chunk: 47

Company: MASTEC INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 47
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 MasTec common stock with a value of not less than a specified multiple of their base salary. The policy also requires current executive officers to retain 50% of net after-tax shares acquired during the year upon vesting (or exercise of stock options) unless his or her ownership level was satisfied as of the beginning of the year. The chart below shows the multiple of base salary ownership requirements and actual ownership levels (not including unvested restricted shares or pledged shares) and the market price of MasTec common stock as of December 31, 2024, for the indicated NEOs. Pledged shares are excluded from the below calculation.

| Executive                                               |     | Ownership       
 Requirement     |     | Ownership as of   
 December 31, 2024 |
|:--------------------------------------------------------|:----|:----------------|:----|:------------------|
| Jose R. Mas, CEO                                        |     | 10x base salary |     | 606x              |
| Robert Apple, COO                                       |     | 2x base salary  |     | 18x               |
| Paul DiMarco, EVP and CFO                               |     | 2x base salary  |     | 4x                |
| Alberto de Cardenas, EVP, General Counsel and Secretary |     | 2x base salary  |     | 15x               |

ANTI-HEDGING AND ANTI-PLEDGING POLICIES MasTec has a policy prohibiting its directors, officers and employees from engaging in short sales, including a “sale against the box” (a sale with a delayed delivery), the buying or selling of puts or calls or derivatives involving MasTec securities, and holding MasTec securities in margin accounts or pledging MasTec securities as collateral for a loan, unless such person demonstrates the financial capacity to repay the loan (not including margin debt) without resort to the pledged securities. Our Board has made exceptions to this policy for our Chairman, Jorge Mas, our CEO, Jose R. Mas, and our EVP, General Counsel and Secretary, Alberto de Cardenas, in connection with certain financing arrangements. For additional details, refer to Footnotes 3 and 4 of the “ Security Ownership” section beginning on page 65. ACCOUNTING FOR STOCK-BASED COMPENSATION Before granting stock-based compensation awards, the Compensation Committee considers the accounting impact of the award as structured and under various other scenarios to analyze the expected impact of the award. EQUITY AWARD GRANT PRACTICES We grant equity