Bond Elton Ray 4
4 · MRC GLOBAL INC. · Filed Feb 12, 2020
Insider Transaction Report
Form 4
Bond Elton Ray
SVP & CAO
Transactions
- Award
Common Stock
2020-02-10+5,004→ 88,350 total - Award
Common Stock
2020-02-10+17,515→ 83,346 total - Tax Payment
Common Stock
2020-02-11$11.12/sh−1,768$19,660→ 86,582 total
Footnotes (3)
- [F1]On February 10, 2020, the reporting person received 17,515 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 5,004 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 surrendered these shares to satisfy tax withholding obligations resulting from the vesting of certain Restricted Stock Units of the issuer's Common Stock