Form 4: MRC Global SVP Stephen B. Smith Reports Changes in Beneficial Ownership

Stephen B. Smith, SVP International at MRC Global Inc., reports changes in beneficial ownership of common stock due to tax withholding obligations and settlement of Performance Share Units.

Summary

• On February 7, 2025, Stephen B. Smith, SVP International at MRC Global Inc., reported changes in his beneficial ownership of the company's common stock.
• He surrendered 3,470 shares to cover tax withholding obligations related to the vesting of restricted stock at a price of $12.79 per share.
• Smith also acquired 13,637 shares upon the settlement of Performance Share Units.
• Additionally, he surrendered 6,410 shares to satisfy tax withholding obligations resulting from the settlement of Performance Share Units at a price of $12.79 per share.
• Following these transactions, Smith beneficially owns 54,204 shares of MRC Global Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment, reflecting routine executive compensation adjustments.

Positives

• The acquisition of 13,637 shares through the settlement of Performance Share Units indicates that performance targets were met, which is a positive signal.

Future Outlook

There are no explicit forward-looking statements in this document.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't provide specific insights into MRC Global's performance relative to its industry peers.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

Keywords

beneficial ownership, MRC Global, Form 4, Performance Share Units, restricted stock, tax withholding, Stephen B. Smith, SVP International