4/A: MRC Global Executive Amends Filing to Correct Tax Withholding Share Amount
SEC Filing Amendment
John P. McCarthy, an executive at MRC Global, amends a previous SEC filing to correct the number of shares surrendered for tax withholding obligations.
Summary
- This is an amendment to a Form 4 filing by John P. McCarthy, an SVP at MRC Global.
- The amendment corrects the number of shares surrendered to the issuer to satisfy tax withholding requirements related to the vesting of restricted stock units.
- The original filing reported 3,253 shares surrendered, but the corrected number is 3,221 shares.
- The transaction occurred on February 7, 2024, with a price of $10.53 per share.
- Following the transaction, McCarthy beneficially owns 68,857 shares of MRC Global common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating standard operational procedures. The sentiment is neutral to slightly positive as it reflects attention to detail and compliance.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 02/07/2024 | Date of the transaction (stock surrender for tax withholding). |
| 02/09/2024 | Date of original Form 4 filing with incorrect share amount. |
| 02/03/2025 | Date of power of attorney signature. |
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