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

Grant R. Bates, an SVP at MRC Global, files an amendment to a previous Form 4 to correct the number of shares surrendered for tax withholding.

Summary

• Grant R. Bates, a Senior Vice President at MRC Global, filed an amended Form 4 with the SEC to correct a previously reported stock transaction.
• The amendment addresses an error in the number of shares surrendered to cover tax withholding obligations related to the vesting of restricted stock units.
• The original Form 4, filed on February 9, 2024, incorrectly stated that 4,575 shares were surrendered.
• The corrected filing shows that only 4,319 shares were surrendered on February 7, 2024, at a price of $10.53 per share to satisfy tax obligations.
• Following the corrected transaction, Bates directly owns 120,280 shares of MRC Global common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. There is no indication of positive or negative sentiment, but the correction itself is a positive sign of transparency.

Industry Context

This filing is a routine disclosure related to executive stock transactions and is specific to MRC Global and its executive, Grant R. Bates.

Key Dates