Form 4: MRC Global Executive John P. McCarthy Reports Stock Transaction
SEC Form 4 Filing
John P. McCarthy, an SVP at MRC Global, reported surrendering 1,976 shares to cover tax obligations from vesting restricted stock on February 6, 2025.
Summary
- On February 6, 2025, John P. McCarthy, an SVP at MRC Global, surrendered 1,976 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $13.38 per share.
- Following the transaction, McCarthy directly owns 83,730 shares of MRC Global common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Date of stock transaction where 1,976 shares were surrendered for tax obligations. |
| 02/10/2025 | Date of signature by power of attorney. |
Keywords
MRC Global, John P. McCarthy, Form 4, Stock Transaction, Tax Withholding, Restricted Stock, Beneficial Ownership
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