John Hill - 18 Apr 2023 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
SVP, Chief Digital Info Offr.
Signature
/s/ John Hill
Issuer symbol
MSM
Transactions as of
18 Apr 2023
Net transactions value
-$23,069
Form type
4
Filing time
20 Apr 2023, 13:50:41 UTC
Previous filing
08 Nov 2022
Next filing
07 Nov 2023
SEC
View on sec.gov

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 $0 +1,035 $0.000000 1,035 18 Apr 2023 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +30 +2.9% $0.000000 1,065 18 Apr 2023 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability $23,069 -256 -24% $90.12 809 18 Apr 2023 Direct F3

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 Restricted Stock Units (RSU) Options Exercise $0 -1,035 -25% $0.000000 3,105 18 Apr 2023 Class A Common Stock, $0.001 par value 1,035 Direct F1, F4
transaction MSM Dividend Equivalent Units Options Exercise $0 -30 -16% $0.000000 154 18 Apr 2023 Class A Common Stock, $0.001 par value 30 Direct F2, F5
* 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 Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F4 4,140 RSUs were granted on April 18, 2022. 1,035 RSUs vested on April 18, 2023. 1,035 RSUs vest on each of April 18, 2024, April 18, 2025 and April 18, 2026, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
F5 Includes 39.204 dividend equivalent units accrued on July 26, 2022, 70.832 dividend equivalent units accrued on November 29, 2022 and 74.204 dividend equivalent units accrued on January 24, 2023 with respect to outstanding awards of restricted stock units (RSUs). Such dividend equivalent units vest at the same time(s) as the underlying RSUs and represent a contingent right to receive one share of Common Stock.