Form 4: MRC Global Executive Surrenders Shares to Cover Tax Obligations
SEC Form 4 Filing
Daniel J. Churay, an executive at MRC Global, surrendered 3,017 shares of common stock to cover tax withholding obligations resulting from the vesting of restricted stock.
Summary
- On May 5, 2024, Daniel J. Churay, an Executive Vice President at MRC Global Inc., surrendered 3,017 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $11.51 per share.
- Following the transaction, Churay directly owns 215,153 shares of MRC Global common stock and indirectly owns 550 shares through an IRA.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/05/2024 | Date of transaction: Churay surrendered 3,017 shares for tax obligations. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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