Steven Paladino - Jan 25, 2022 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
Director
Signature
/s/ Steven Paladino
Stock symbol
MSM
Transactions as of
Jan 25, 2022
Transactions value $
$0
Form type
4
Date filed
1/28/2022, 03:16 PM
Previous filing
Dec 21, 2021
Next filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSM Class A Common Stock, $0.001 par value Options Exercise +748 +10.01% 8.22K Jan 27, 2022 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise +26 +0.32% 8.25K Jan 27, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MSM Dividend Equivalent Units Award $0 +22.6 +16.58% $0.00 159 Jan 25, 2022 Class A Common Stock, $0.001 par value 22.6 Direct F2
transaction MSM Restricted Stock Units (RSUs) Award $0 +1.52K $0.00 1.52K Jan 26, 2022 Class A Common Stock, $0.001 par value 1.52K Direct F1, F3
transaction MSM Restricted Stock Units (RSUs) Options Exercise $0 -748 -50% $0.00 748 Jan 27, 2022 Class A Common Stock, $0.001 par value 748 Direct F1, F4
transaction MSM Dividend Equivalent Units Options Exercise $0 -26 -16.35% $0.00 133 Jan 27, 2022 Class A Common Stock, $0.001 par value 26 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of Common Stock.
F2 The dividend equivalent units accrued with respect to outstanding awards of restricted stock units (RSUs) and vest at the same time(s) as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of Common Stock.
F3 1,523 RSUs were granted on January 26, 2022. 761 RSUs vest on January 26, 2023 and 762 RSUs vest on January 26, 2024, provided that the Reporting Person continues to serve as Outside Director through the applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
F4 748 of 1,496 RSUs granted on January 27, 2021 vested on January 27, 2022. 748 RSUs vest on January 27, 2023 provided that the Reporting Person continues to serve as Outside Director through the vesting date. The vested shares will be delivered to the Reporting Person upon vesting.