MASTEC INC
For the period ended May 14, 2024. Filed Apr 4, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 14, 2024 · Filed Apr 4, 2024
MTZ$174.10+9.5%Stored close · as of Nov 6, 2026
Contents
Best Practices in our Program
We maintain compensation programs and policies that serve the interests of shareholders and are consistent with best practices.
| Best Practices | | | Practices we do not engage in |
|---|---|---|---|
| • Annual performance-based incentives paid in restricted stock and cash.• Three-year cliff vesting period for equity performance-based awards.• Caps on annual bonuses.• Modest perquisites.• Formal Stock ownership guidelines for our CEO, other NEOs and independent directors.• Anti-hedging and anti-pledging policies. The Board has, however, granted exceptions to these policies for our Chairman and CEO with financing arrangements (for additional details, refer to Footnotes 3 and 4 of the “Security Ownership” section beginning on page 77).• Enhanced clawback policy for incentive compensation.• The Compensation Committee is composed solely of people who qualify as independent directors under the listing standards of the NYSE.• Use of independent compensation consultant to benchmark and analyze compensation metrics. | | | • No re-pricing of stock options.• No excise tax gross-up provisions in post-2016 employment agreements.• No single trigger change in control provisions in post-2016 employment agreements.• No defined benefit pension plan. |
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