Bowhay John L. 4
4 · MRC GLOBAL INC. · Filed Feb 12, 2020
Insider Transaction Report
Form 4
Bowhay John L.
SVP-Valves, Fittings, Flanges
Transactions
- Award
Common Stock
2020-02-10+13,970→ 84,824 total - Award
Common Stock
2020-02-10+10,656→ 105,488 total - Tax Payment
Common Stock
2020-02-11$11.12/sh−1,582$17,592→ 99,600 total - Award
Common Stock
2020-02-10+10,008→ 94,832 total - Tax Payment
Common Stock
2020-02-10$10.80/sh−4,306$46,505→ 101,182 total
Footnotes (5)
- [F1]On February 10, 2020, the reporting person received 13,970 Restricted Stock Units (the "February 2020 Annual Grant"). Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Common Stock. 34% of the February 2020 Annual Grant will vest on February 10, 2021 and 33% of the February 2020 Annual Grant will vest on each of February 10, 2022 and February 10, 2023, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
- [F2]On February 10, 2020 the reporting person was awarded 10,008 Restricted Stock Units. Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Common Stock, all of which will vest on February 10, 2023, conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
- [F3]The reporting person acquired these shares upon the settlement of certain Performance Share Units of the issuer.
- [F4]The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of the issuer.
- [F5]The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock Units of the issuer's Common Stock.