Grant R. Bates - Feb 7, 2024 Form 4 Insider Report for MRC GLOBAL INC. (MRC)

Role
SVP - North America Operations & E-Commerce
Signature
/s/ Ann D. Garnett, by power of attorney
Stock symbol
MRC
Transactions as of
Feb 7, 2024
Transactions value $
-$50,639
Form type
4
Date filed
2/9/2024, 06:31 PM
Previous filing
Feb 8, 2024
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRC Common Stock Tax liability -$48.2K -4.58K -3.67% $10.53 120K Feb 7, 2024 Direct F1
transaction MRC Common Stock Award $0 +23.7K +19.71% $0.00 144K Feb 7, 2024 Direct F2
transaction MRC Common Stock Tax liability -$2.46K -234 -3.35% $10.53 6.75K Feb 7, 2024 By Spouse F3
transaction MRC Common Stock Award $0 +1.64K +24.24% $0.00 8.38K Feb 7, 2024 By Spouse F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock of the issuer.
F2 On February 7, 2024, the reporting person received 23,654 Restricted Stock Units (the "February 2024 Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Common Stock. 34% of the February 2024 Grant will vest on February 7, 2025 and 33% of the February 2024 Grant will vest on each of February 7, 2026 and February 7, 2027, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
F3 The reporting person's spouse surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock of the issuer.
F4 On February 7, 2024, the reporting person's spouse received 1,635 Restricted Stock Units (the "February 2024 Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Common Stock. 34% of the February 2024 Grant will vest on February 7, 2025 and 33% of the February 2024 Grant will vest on each of February 7, 2026 and February 7, 2027, each conditioned on the reporting person's spouse's continued service with the issuer and subject to accelerated vesting under certain circumstances.

Remarks:

SVP - North America Operations & E-Commerce