Form 4: MRC Global Executive Surrenders Shares to Cover Tax Obligations
SEC Form 4 Filing
Daniel J. Churay, an executive at MRC Global, surrendered 4,632 shares of common stock to cover tax withholding obligations resulting from the vesting of restricted stock.
Summary
- On February 6, 2025, Daniel J. Churay, an Executive Vice President at MRC Global, surrendered 4,632 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $13.38 per share.
- Following the transaction, Churay directly owns 194,131 shares of MRC Global common stock and indirectly owns 550 shares through an IRA.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Date of transaction where shares were surrendered to cover tax obligations. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
Keywords
MRC Global, Form 4, Beneficial Ownership, Executive Compensation, Tax Withholding, Restricted Stock, Daniel J. Churay
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