Lane Andrew R 4
4 · MRC GLOBAL INC. · Filed Feb 14, 2019
Insider Transaction Report
Form 4
Lane Andrew R
DirectorChairman, President and CEO
Transactions
- Award
Common Stock
2019-02-12+129,974→ 688,884 total(indirect: By Partnership) - Tax Payment
Common Stock
2019-02-13$16.36/sh−9,444$154,504→ 679,440 total(indirect: By Partnership)
Footnotes (2)
- [F1]On February 12, 2019, the reporting person received 129,974 Restricted Stock Units (the "February 2019 Annual Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of issuer's Common Stock. 34% of the February 2019 Annual Grant will vest on February 12, 2020 and 33% of the February 2019 Annual Grant will vest on each of 2/12/2021 and 2/12/2022, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
- [F2]The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock Units of the issuer.