Form 4: MRC Global SVP Disposes Shares in Merger

MRC Global Inc. SVP of Sales and Marketing, Victor F. Clark Jr., disposed of 24,371 common shares as part of the company's merger with DNOW Inc.

Summary

• Victor F. Clark Jr., SVP Sales and Marketing of MRC Global Inc., reported a disposition of 24,371 shares of Common Stock.
• This transaction occurred on November 6, 2025, and was a direct result of the merger between MRC Global Inc. and DNOW Inc.
• Pursuant to the Agreement and Plan of Merger dated June 26, 2025, MRC Global Inc. merged with Buck Merger Sub, Inc., and immediately thereafter, with Stag Merger Sub, LLC, with LLC Sub continuing as the surviving company.
• As part of the merger, all outstanding restricted stock units (RSUs) of MRC Global Inc. granted in February 2024 or later were canceled and converted into restricted stock units of DNOW common stock.
• The reported disposition reflects the cancellation of these MRC Global Inc. RSUs previously held by Mr. Clark.

Sentiment

Score: 5

Explanation: The filing reports a mandatory insider transaction related to a merger, which is a neutral event in itself and does not reflect discretionary buying or selling based on company performance or outlook.

Future Outlook

No forward-looking statements or guidance were provided in this filing, as it pertains to a past insider transaction related to a merger.

Industry Context

This transaction is a direct consequence of a corporate merger between MRC Global Inc. and DNOW Inc., indicating consolidation within the industrial distribution sector. Such mergers often aim to achieve synergies, expand market reach, or streamline operations.

Stakeholder Impact

• Shareholders holding MRC Global Inc. restricted stock units granted in February 2024 or later had their awards canceled and converted into DNOW common stock restricted stock units as a result of the merger.

Key Dates

Keywords

MRC Global, DNOW, Merger, Form 4, Insider Transaction, Restricted Stock Units, Stock Disposition, Corporate Action