Form 4: MRC Global Executive Bates Grant R Reports Stock Transaction
SEC Form 4 Filing
Grant R Bates, an executive at MRC Global, reports a transaction involving common stock to cover tax obligations.
Summary
- On May 5, 2024, Grant R Bates, SVP North America Operations & E-Commerce at MRC Global Inc. (MRC), reported a transaction involving the company's common stock.
- Bates surrendered 2,808 shares of common stock to satisfy tax withholding obligations resulting from the vesting of restricted stock.
- The shares were surrendered at a price of $11.51 per share.
- Following the transaction, Bates directly owns 149,889 shares of MRC Global common stock and indirectly owns 8,159 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock transaction.
Key Dates
| Date | Description |
|---|---|
| 05/05/2024 | Date of stock transaction: surrender of shares for tax obligations. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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