Sundar PichaiSundar Pichai earned $164M in 2023

George Pita served as the Executive Vice President and Chief Financial Officer of MasTec, Inc., stepping into this role in January 2014 and recently retiring in March 2023. He holds a Bachelor's degree in Business Administration and Accounting from the...

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George Pita

Ex-CEO of MasTec

Education

Bachelors in Business Administration and Accounting from the University of Miami

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

January 1, 1971 - 54 years ago

CEO of MasTec for

9 years 2 months (Jan 2014 - Mar 2023)

Previous Experience

EVP, COO and CFO of Stuart Weitzman Holdings

Holdings

See how much did George Pita make over time.

George Pita's insider trading history reveals significant fluctuations in his wealth through trades in MasTec’s stock. In late 2019 and early 2020, his holdings peaked at just over $14 million, coinciding with notable performance years for the company. His trades...

Jan 24, 2025

Total Stock Sold

$7.54M

MTZ

$7.54M

78,479 MTZ shares

What if they kept their stock?

If George Pita didn't sell their stock, today they would have:
Extra MTZ78,479 shares worth $3.04M.
This is -59.62% and $4.50M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of George Pita.

MTZ

26,036 shares

MTZ

Mar 10, 2023

Received

MTZ

24,160 shares

MTZ

Mar 24, 2022

Received

MTZ

$5.16M

MTZ at $106.54/share

Jul 1, 2021

Sale

MTZ

19,489 shares

MTZ

Mar 18, 2021

Received

MTZ

$2.42M

MTZ at $80.71/share

Jan 7, 2021

Sale

MTZ

53,172 shares

MTZ

Mar 19, 2020

Received

MTZ

25,418 shares

MTZ

Mar 14, 2019

Received

MTZ

18,938 shares

MTZ

Mar 14, 2018

Received

MTZ

20,270 shares

MTZ

Mar 19, 2017

Received

MTZ

35,506 shares

MTZ

Dec 18, 2015

Received

Compensation History

See how much did George Pita make over time.

George Pita's total compensation while at MasTec significantly varied year by year. In 2022, his pay peaked at $9.64 million, which included a substantial annual performance bonus of $1.5 million, not to mention stock options that added considerable value. However, upon his retirement in March 2023, his pay dropped dramatically to just $540,750, representing only his base salary. His earlier years saw total compensations in the range of $3 million to $9 million, all aligned with MasTec’s performance metrics that included adjusted EBITDA and revenue growth targets. His compensation setup reflected a robust performance-based structure, designed to reward executive leadership while keeping shareholders’ interests in mind. This structure was a part of MasTec's philosophy to retain top talent through incentivized compensation linked to company success.

Year

2023

Total Compensation

$540.75K

Salary

$540.75K

Board Justification

MasTec’s compensation program aims to attract, motivate, and retain a talented executive team, rewarding both company and individual performance while aligning executive interests with those of shareholders.

Bonus

$0.00

Board Justification

Mr. Pita is not entitled to participate in MasTec’s bonus plan for senior management, receive equity awards, nor be eligible for an annual performance bonus following his retirement.

Other

$0.00

Board Justification

No additional compensation was reported for Mr. Pita in 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as Mr. Pita retired on March 31, 2023, and is not entitled to any new equity awards.

Performance Metrics

The performance metrics for determining compensation include adjusted EBITDA, revenue growth, earnings per share growth, and return on invested capital.