Form 4: MRC Global CEO Reports Stock Transactions Following Vesting of Restricted Stock and Performance Share Units
SEC Form 4 Filing
Robert J. Saltiel, President and CEO of MRC Global Inc., reports the acquisition and disposal of common stock related to the vesting of restricted stock and settlement of performance share units.
Summary
- Robert J. Saltiel, the President and CEO of MRC Global Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 7, 2025, Mr. Saltiel surrendered 47,193 shares of common stock to cover tax obligations related to the vesting of restricted stock at a price of $12.79 per share.
- On February 8, 2025, he acquired 267,858 shares upon the settlement of performance share units.
- Also on February 8, 2025, he surrendered 105,701 shares and 27,827 shares to satisfy tax withholding obligations related to the settlement of performance share units and the vesting of restricted stock, respectively, both at a price of $12.79 per share.
- Following these transactions, Mr. Saltiel directly owns 877,720 shares of MRC Global Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects standard executive compensation practices and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the CEO's stake in the company.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Reporting person surrendered shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock of the issuer. |
| 02/08/2025 | Reporting person acquired shares upon the settlement of certain Performance Share Units of the issuer. |
| 02/08/2025 | Reporting person surrendered shares to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of the issuer. |
| 02/08/2025 | Reporting person surrendered shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock of the issuer. |
| 02/11/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, MRC Global, Stock Transactions, Robert Saltiel, Performance Share Units, Restricted Stock, Tax Withholding
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