Form 4: MRC Global Executive Grant R. Bates Sells Shares in Recent Transactions
SEC Form 4
Grant R. Bates, an SVP at MRC Global, recently sold a significant number of company shares in two separate transactions.
Summary
- Grant R. Bates, a Senior Vice President at MRC Global, sold 4,698 shares of common stock on May 17, 2024, at a weighted average price of $13.76.
- Following this transaction, Bates directly owned 145,191 shares.
- On May 20, 2024, Bates sold an additional 35,000 shares at a weighted average price of $13.57, reducing his direct holdings to 110,191 shares.
- Additionally, Bates indirectly owns 8,159 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of stock sales by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The stock sales by a company insider could be perceived negatively by some shareholders, although such transactions are not uncommon.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Grant R. Bates sold 4,698 shares of common stock at a weighted average price of $13.76. |
| 05/20/2024 | Grant R. Bates sold 35,000 shares of common stock at a weighted average price of $13.57. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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