Lane Andrew R 4
4 · MRC GLOBAL INC. · Filed Feb 12, 2020
Insider Transaction Report
Form 4
Lane Andrew R
DirectorChairman, President and CEO
Transactions
- Award
Common Stock
2020-02-10+120,306→ 772,032 total(indirect: By Partnership) - Tax Payment
Common Stock
2020-02-10$10.80/sh−33,402$360,742→ 738,630 total(indirect: By Partnership) - Award
Common Stock
2020-02-11+150,125→ 888,755 total(indirect: By Partnership)
Footnotes (3)
- [F1]The reporting person acquired these shares upon the settlement of certain Performance Share Units of the issuer.
- [F2]The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of the issuer.
- [F3]On February 11, 2020, the reporting person received 150,125 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 11, 2021 and 33% of the February 2020 Annual Grant will vest on each of February 11, 2022 and February 11, 2023, each conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.