Form 4: MRC Global Executive Bates Sells Shares to Cover Tax Obligations

Grant R. Bates, an executive at MRC Global, sold shares to cover tax obligations related to vesting restricted stock.

Summary

• On February 6, 2025, Grant R. Bates, SVP North America Operations & E-Commerce at MRC Global Inc., disposed of 3,168 shares of common stock to satisfy tax withholding obligations resulting from the vesting of restricted stock.
• The shares were sold at a price of $13.38.
• Following the transaction, Bates directly owns 107,279 shares.
• Additionally, Bates' spouse disposed of 146 shares for the same reason, also at $13.38.
• After the transaction, Bates' spouse indirectly owns 8,013 shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

MRC Global, Grant Bates, Form 4, Share Disposal, Tax Obligations, Restricted Stock, Beneficial Ownership