Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-21

MRC Global (MRC)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,992,594
Robert Saltiel total, FY2024
30th
CEO pay percentile vs peers
70:1
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against MRC
5 companies name MRC as a compensation peer

Each company listed discloses MRC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MRC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Robert Saltiel$860,000$0$4,446,383$0$658,657$0$27,554$5,992,594
President and Chief Executive Officer
Kelly Youngblood530,00001,586,4530292,260024,9322,433,645
Executive Vice President and Chief Financial Officer
Daniel Churay450,0000881,6700220,574027,5541,579,797
Executive Vice President – Corporate Affairs, General Counsel and Corporate Secretary
Grant Bates410,0000535,5270188,407028,4221,162,355
Senior Vice President – U.S. Operations & E-Commerce
Rance Long378,0000493,7330173,702040,8231,086,258
Senior Vice President – Marketing Strategy
John McCarthy357,0000427,4430153,115042,306979,864
Senior Vice President – Supply Chain, Quality and Technical Sales

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Robert Saltiel$5,992,594$6,653,695$6,206,019−661,101
Kelly Youngblood2,433,6452,634,1302,270,622−200,485
Daniel Churay1,579,7971,705,348−125,551
Grant Bates1,162,3551,258,3301,395,946−95,975
Rance Long1,086,2581,171,4681,242,131−85,210
John McCarthy979,864

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Kelly YoungbloodPSU2024-02-078,75970,073140,146$852,788
Rance LongPSU2024-02-072,72621,80843,616265,403
Robert SaltielPSU2024-02-0724,549196,395392,7902,390,127
Rance LongPSU2024-02-0721,808283,500567,000228,330
John McCarthyPSU2024-02-0718,880249,900499,800197,674
Kelly YoungbloodPSU2024-02-0770,073477,000954,000733,664
Daniel ChurayPSU2024-02-0738,943360,000720,000407,733
Daniel ChurayPSU2024-02-074,86838,94377,886473,936
John McCarthyPSU2024-02-072,36018,88037,760229,770
Robert SaltielPSU2024-02-07196,3951,075,0002,150,0002,056,256
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kelly Youngblood$0$1,586,452$0100.0%
Rance Long0493,7330100.0%
Robert Saltiel04,446,3830100.0%
John McCarthy0427,4440100.0%
Daniel Churay0881,6690100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Grant BatesPSU23,654$302,298
Rance LongPSU21,808278,706
John McCarthyRSU18,880241,286
Kelly YoungbloodRSU21,430273,875
Robert SaltielPSU196,3952,509,928
Robert SaltielRSU106,3131,358,680
Grant BatesPSU19,401247,945
Rance LongRSU11,805150,868
Grant BatesRSU9,194117,499
Robert SaltielPSU161,0802,058,602
Daniel ChurayPSU38,943497,692
Daniel ChurayPSU31,940408,193
Robert SaltielRSU196,3952,509,928
Kelly YoungbloodPSU70,073895,533
Kelly YoungbloodRSU70,073895,533
John McCarthyPSU18,880241,286
Robert SaltielPSU214,2862,738,575
Kelly YoungbloodPSU64,935829,869
Kelly YoungbloodPSU57,472734,492
Daniel ChurayRSU38,943497,692
Rance LongPSU25,714328,625
Rance LongRSU21,808278,706
Grant BatesRSU23,654302,298
John McCarthyPSU22,078282,157
Daniel ChurayRSU21,081269,415
John McCarthyPSU15,485197,898
Grant BatesRSU12,805163,648
Rance LongPSU17,886228,583
Daniel ChurayRSU12,751162,958
Rance LongRSU8,487108,464
John McCarthyRSU7,28793,128
Robert SaltielRSU70,715903,738
Daniel ChurayPSU38,636493,768
Kelly YoungbloodRSU37,932484,771
Grant BatesPSU27,857356,012
John McCarthyRSU10,221130,624
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation philosophy of the Compensation & Human Capital Committee is threefold: To attract and retain talented executive officers by providing competitive total compensation, and to motivate them to achieve the Company's short-term and long-term financial and strategic goals and objectives; To align the interests of our executive officers with those of our stockholders; and To provide performance-based cash and stock incentive awards to recognize and reward executive officers who demonstrate sustained performance.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantMeridian
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
07

CEO pay ratio

Ratio (CEO : median employee)70 : 1
CEO total compensation$5,992,594
Median employee compensation
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ronald L. JadinIndependent · Audit (Chair) · Governance & Sustainability$117,000$141,352$0$0$258,352
Deborah G. AdamsIndependent · Board Chair · Compensation & Human Capital (Chair, until Nov 2024)108,944141,35200250,296
David A. HagerIndependent · Audit · Governance & Sustainability · Newly elected75,722171,93000247,652
George J. DamirisIndependent · Compensation & Human Capital · Governance & Sustainability (Chair)102,450141,35200243,802
Leonard M. AnthonyIndependent · Audit · Compensation & Human Capital (Chair, from Nov 2024)96,500141,35200237,852
Dr. Anne McEnteeIndependent · Audit · Compensation & Human Capital94,000141,35200235,352
Henry CornellIndependent · Not standing for re-election90,000141,35200231,352
Daniel B. SilversIndependent · Compensation & Human Capital · Governance & Sustainability · Newly elected70,500154,15100224,651
Robert L. WoodIndependent · Departed during FY76,000128,10400204,104
Barbara DuganierIndependent · Departed during FY37,4500037,450
Robert J. Saltiel JrEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$145,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)23,000 / 20,000 / 15,000
Stock ownership guideline5x annual cash Board retainer (excludes committee retainers) for non-employee directors
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$868,566
Equity awards (grant-date value)$1,302,297
All other compensation$0
Total cost of the board$2,170,863

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies MRC Global names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including MRC Global.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Weatherford International plc2025Girishchandra Saligram$1,254,808$9,969,035$0$1,735,296$13,022,298
2Flowserve Corporation2025R. Scott Rowe1,236,5387,245,11401,901,25010,914,232
3Herc Holdings Inc.2025Lawrence Silber1,056,5385,500,03701,484,0008,289,126
4Oceaneering International, Inc2025Roderick Larson910,0002,027,79604,282,4257,735,670
5Applied Industrial Technologies, Inc.2025Neil Schrimsher801,4033,162,6271,175,6511,173,7246,517,480
6H&E Equipment Services, Inc.2023Bradley W. Barber907,6923,599,92406,295,836
7MRC Global2024Robert Saltiel860,0004,446,3830658,6575,992,594
8MSC Industrial Direct Co. Inc.2025Erik Gershwind871,4113,549,96601,425,7505,873,837
9Helix Energy Solutions Group Inc.2025Owen Kratz800,0003,838,5190420,0005,067,269
10Kennametal Inc.2025Sanjay Chowbey925,0003,052,9410643,0604,694,633
11Enterprise2025Patrick Smith31,20100040,001
ChampionX Corporationnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
MRC Global61.3%RSU 50 · PSU 50Yes — Relative TSR (OIH index + DNOW Inc. + Russell 2000 Index)Meridian
Applied Industrial Technologies, Inc.106.2%PSU 55 · Options 23 · RSU 23NoPay Governance
ChampionX Corporationnot disclosednot disclosednot disclosednot disclosed
Enterprise135.9%PSU 100NoSemler Brossy
Flowserve Corporation117%not disclosedNoF.W. Cook
H&E Equipment Services, Inc.not disclosednot disclosednot disclosednot disclosed
Helix Energy Solutions Group Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
Herc Holdings Inc.100%PSU 60 · RSU 40NoFW Cook
Kennametal Inc.63.2%PSU 60 · RSU 40NoPay Governance
MSC Industrial Direct Co. Inc.95%PSU 50 · RSU 50NoFW Cook
Oceaneering International, Inc124%PSU 50 · RSU 50Yes — Relative TSRMeridian
Weatherford International plc92.3%PSU 75 · RSU 25NoLB&Co.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Robert SaltielDEF 14A2025-04-170001193125-25-083481Section “Summary Compensation Table for 2024” · page 65. As printed: 5,992,594. Filing ↗machine: r3 · c23 · span 1015729–1015738
2Section 01, Kelly YoungbloodDEF 14A2025-04-170001193125-25-083481Section “Summary Compensation Table for 2024” · page 65. As printed: 2,433,645. Filing ↗machine: r6 · c23 · span 1021004–1021013
3Section 01, Daniel ChurayDEF 14A2025-04-170001193125-25-083481Section “Summary Compensation Table for 2024” · page 65. As printed: 1,579,797. Filing ↗machine: r9 · c23 · span 1027173–1027182
4Section 01, Grant BatesDEF 14A2025-04-170001193125-25-083481Section “Summary Compensation Table for 2024” · page 65. As printed: 1,162,355. Filing ↗machine: r12 · c23 · span 1032299–1032308
5Section 01, Rance LongDEF 14A2025-04-170001193125-25-083481Section “Summary Compensation Table for 2024” · page 65. As printed: 1,086,258. Filing ↗machine: r15 · c23 · span 1037580–1037589
6Section 01, John McCarthyDEF 14A2025-04-170001193125-25-083481Section “Summary Compensation Table for 2024” · page 65. As printed: 979,864. Filing ↗machine: r18 · c23 · span 1042621–1042628
7Section 03, Kelly Youngblood PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t227 · r5 · c4 · span 934313–934319
8Section 03, Rance Long PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t227 · r11 · c4 · span 937883–937889
9Section 03, Robert Saltiel PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t258 · r4 · c32 · span 1080386–1080395
10Section 03, Rance Long PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t258 · r11 · c33 · span 1093347–1093354
11Section 03, John McCarthy PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t258 · r13 · c33 · span 1097009–1097016
12Section 03, Kelly Youngblood PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t258 · r5 · c33 · span 1082365–1082372
13Section 03, Daniel Churay PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t258 · r7 · c33 · span 1086028–1086035
14Section 03, Daniel Churay PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t227 · r7 · c4 · span 935488–935494
15Section 03, John McCarthy PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t227 · r13 · c4 · span 939108–939114
16Section 03, Robert Saltiel PSUDEF 14A2025-04-170001193125-25-083481Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t258 · r3 · c33 · span 1078696–1078705
17Section 07, pay ratioDEF 14A0001193125-25-083481Section “CEO Pay Ratio”. As printed: 70 : 1.machine: span 1155307–1155311
18Section 08, Ronald L. JadinDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 258,352. Filing ↗machine: t148 · r16 · c14 · span 681448–681455
19Section 08, Deborah G. AdamsDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 250,296. Filing ↗machine: t148 · r4 · c14 · span 671553–671560
20Section 08, David A. HagerDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 247,652. Filing ↗machine: t148 · r14 · c14 · span 679860–679867
21Section 08, George J. DamirisDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 243,802. Filing ↗machine: t148 · r10 · c14 · span 676418–676425
22Section 08, Leonard M. AnthonyDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 237,852. Filing ↗machine: t148 · r6 · c14 · span 673193–673200
23Section 08, Dr. Anne McEnteeDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 235,352. Filing ↗machine: t148 · r18 · c14 · span 683091–683098
24Section 08, Henry CornellDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 231,352. Filing ↗machine: t148 · r8 · c14 · span 674778–674785
25Section 08, Daniel B. SilversDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 224,651. Filing ↗machine: t148 · r20 · c14 · span 684767–684774
26Section 08, Robert L. WoodDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 204,104. Filing ↗machine: t148 · r22 · c14 · span 686490–686497
27Section 08, Barbara DuganierDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 37,450. Filing ↗machine: t148 · r12 · c4 · span 677424–677430
28Section 08, Robert J. Saltiel JrDEF 14A2025-04-170001193125-25-083481Section “Director Compensation”. As printed: 0. Filing ↗
29Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
31Section 09b board cost (computed)ComputedcomputedCash 868,566 + equity 1,302,297 + all other 0 = 2,170,863, summed across the director compensation table rows.machine: formula: Σ = 2,170,863
32Weatherford International plc, Section 10b CEO totalDEF 14A2026-04-210001193125-26-166847CEO total compensation as printed in Weatherford International plc's own proxy. As printed: 13,022,298. Filing ↗machine: r3 · c27 · span 828253–828263
33Flowserve Corporation, Section 10b CEO totalDEF 14A2026-04-020001628280-26-022933CEO total compensation as printed in Flowserve Corporation's own proxy. As printed: 10,914,232. Filing ↗machine: r2 · c8 · span 2203312–2203322
34Herc Holdings Inc., Section 10b CEO totalDEF 14A2026-03-270001364479-26-000076CEO total compensation as printed in Herc Holdings Inc.'s own proxy. As printed: 8,289,126. Filing ↗machine: r3 · c42 · span 424311–424320
35Oceaneering International, Inc, Section 10b CEO totalDEF 14A2026-04-020000073756-26-000073CEO total compensation as printed in Oceaneering International, Inc's own proxy. As printed: 7,735,670. Filing ↗machine: r2 · c14 · span 1452178–1452187
36Applied Industrial Technologies, Inc., Section 10b CEO totalDEF 14A2025-09-100001193125-25-200079CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 6,517,480. Filing ↗machine: r3 · c31 · span 736163–736172
37H&E Equipment Services, Inc., Section 10b CEO totalDEF 14A2024-04-020000950170-24-039778CEO total compensation as printed in H&E Equipment Services, Inc.'s own proxy. As printed: 6,295,836. Filing ↗machine: r5 · c25 · span 671019–671028
38MRC Global (subject), Section 10b CEO totalDEF 14A2025-04-170001193125-25-083481CEO total compensation as printed in MRC Global's own proxy. As printed: 5,992,594. Filing ↗machine: r3 · c23 · span 1015729–1015738
39MSC Industrial Direct Co. Inc., Section 10b CEO totalDEF 14A2025-12-110001003078-25-000174CEO total compensation as printed in MSC Industrial Direct Co. Inc.'s own proxy. As printed: 5,873,837. Filing ↗machine: t26 · r2 · c16 · span 209861–209870
40Helix Energy Solutions Group Inc., Section 10b CEO totalDEF 14A2026-04-010001140361-26-012501CEO total compensation as printed in Helix Energy Solutions Group Inc.'s own proxy. As printed: 5,067,269. Filing ↗machine: r2 · c22 · span 1194229–1194239
41Kennametal Inc., Section 10b CEO totalDEF 14A2025-09-150001104659-25-089785CEO total compensation as printed in Kennametal Inc.'s own proxy. As printed: 4,694,633. Filing ↗machine: t281 · r9 · c18 · span 1681584–1681593
42Enterprise, Section 10b CEO totalDEF 14A2026-04-160001628280-26-025521CEO total compensation as printed in Enterprise's own proxy. As printed: 40,001. Filing ↗machine: t53 · r2 · c14 · span 1677190–1677196
43Section 10a, Helix Energy Solutions Group Inc. reciprocityDEF 14A0001140361-26-012501Helix Energy Solutions Group Inc.'s most recent proxy was read; its disclosed peer group does not include MRC Global. Filing ↗
44Section 10a, Herc Holdings Inc. reciprocityDEF 14A0001364479-26-000076Herc Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include MRC Global. Filing ↗
45Section 10a, Oceaneering International, Inc reciprocityDEF 14A0000073756-26-000073Oceaneering International, Inc's most recent proxy was read; its disclosed peer group does not include MRC Global. Filing ↗
46Section 10a, Weatherford International plc reciprocityDEF 14A0001193125-26-166847Weatherford International plc's most recent proxy was read; its disclosed peer group does not include MRC Global. Filing ↗
47Section 10a, Enterprise reciprocityDEF 14A0001628280-26-025521Enterprise's most recent proxy was read; its disclosed peer group does not include MRC Global. Filing ↗
48Section 10a, Flowserve Corporation reciprocityDEF 14A0001628280-26-022933Flowserve Corporation's most recent proxy was read; its disclosed peer group does not include MRC Global. Filing ↗
49Section 10a, Applied Industrial Technologies, Inc. reciprocityDEF 14A0001193125-25-200079Applied Industrial Technologies, Inc. names MRC Global in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Kennametal Inc. reciprocityDEF 14A0001104659-25-089785Kennametal Inc.'s most recent proxy was read; its disclosed peer group does not include MRC Global. Filing ↗
51Section 10a, MSC Industrial Direct Co. Inc. reciprocityDEF 14A0001003078-25-000174MSC Industrial Direct Co. Inc. names MRC Global in its own disclosed peer group (read from its most recent proxy). Filing ↗