In 2021, Andrew R. Lane earned $970.88K in total compensation at MRC Global, primarily from $173.08K salary. Most recently acquired 57,236 shares in Feb 2021. Currently holds stock worth $17.13M. Has donated $8.46M in stock to charitable causes. Led MRC Global as CEO for 9 years.
Compensation History
Annual executive compensation data for Andrew R. Lane, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$970.88K
Salary
$173.08K
Bonus
$0.00
Other
$797.81K
Salary
$173.08KBoard Justification
The compensation philosophy is designed to attract and retain talented executives while aligning their interests with those of shareholders, focusing on performance-based incentives.
Bonus
$0.00Board Justification
No bonus was awarded for 2021 as Mr. Lane retired in March 2021 and his payout was prorated for his time of service during the year.
Other Compensation
$797.81KBoard Justification
This includes severance payments, accrued salary, unused vacation pay, and other benefits as per his employment agreement upon retirement.
Restricted Stock
Board Justification
Mr. Lane did not receive any stock grants in 2021 as he retired in March 2021.
Performance Metrics
Performance metrics included adjusted EBITDA, cash flow from operations, and safety measures.
Andrew R. Lane
Ex-CEO of MRC Global
Education
Bachelor's degree in Business Administration
Field of Expertise
Business & Management
Sector of Economy
Energy
Born
September 1, 1965 - 60 years ago
CEO of MRC Global for
9 years 8 months (Apr 2012 - Dec 2021)
Previous Experience
Prior to joining MRC Global, Mr. Lane held various senior management positions at other companies in the industry.
Other MRC Global CEOs
Holdings
Track Andrew R. Lane's stock holdings and portfolio value over time.
Total Stock Sold
$26.55M
$26.55M
1,393,514 MRC shares
What if they kept their stock?
If Andrew R. Lane didn't sell their stock, today they would have:
Extra MRC1,393,514 shares worth $19.20M.
This is -27.69% and $7.35M less than what they got when they sold the stock.
Charitable Transactions
614,266 shares
MRC
Recent Charitable Transactions
74,926 shares
MRC
May 8, 2018
Charity
398,978 shares
MRC
Feb 18, 2016
Charity
80,249 shares
MRC
Feb 17, 2015
Charity
36,263 shares
MRC
Feb 18, 2014
Charity
23,850 shares
MRC
Mar 7, 2013
Charity
Insider Trading
Andrew R. Lane's recent stock transactions, purchases, and sales filed with the SEC.
57,236 shares
MRC
Feb 8, 2021
Received
600,000 shares
MRC
May 27, 2020
Received
270,431 shares
MRC
Feb 10, 2020
Received
$1.65M
MRC at $15.02/share
Nov 11, 2019
Sale
188,860 shares
MRC
Mar 1, 2019
Received
129,974 shares
MRC
Feb 12, 2019
Received
$4.65M
MRC at $20.49/share
May 16, 2018
Sale
$3.56M
MRC at $20.04/share
May 8, 2018
Sale
74,926 shares
MRC
May 8, 2018
Charity
$5.72M
MRC at $19.50/share
May 3, 2018
Sale
Rivals
Compare Andrew R. Lane with competitor CEOs and industry peers.