4/A: MRC Global Executive Corrects Stock Transaction in Amended SEC Filing

An MRC Global executive amended a previous SEC filing to correct the number of shares surrendered for tax withholding, reducing it from 5,593 to 5,008.

Summary

• This document is an amended SEC Form 4 filing by Daniel J. Churay, an executive at MRC Global Inc.
• The amendment corrects a previous filing regarding the number of shares surrendered to satisfy tax withholding obligations.
• The original filing incorrectly stated that 5,593 shares were surrendered, but the correct number is 5,008 shares.
• The transaction occurred on February 7, 2024, with the amendment filed on February 9, 2024.
• The shares were surrendered at a price of $10.53 per share.
• Following the transaction, Mr. Churay beneficially owns 162,203 shares of MRC Global stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. The correction shows a commitment to accuracy, which is a positive sign.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• This type of filing is standard practice for publicly traded companies and their executives.
• The transaction is related to tax withholding on vested stock units, a common form of executive compensation.
• The correction of the filing indicates a commitment to accuracy and compliance with SEC regulations.

Stakeholder Impact

• The correction of the filing ensures transparency for shareholders regarding executive stock transactions.

Key Dates

Keywords

SEC Filing, Form 4, MRC Global, Stock Transaction, Beneficial Ownership, Tax Withholding, Executive Compensation