Kristen Actis-Grande - Aug 31, 2023 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
EVP & Chief Financial Officer
Signature
/s/ Kristen Actis-Grande
Stock symbol
MSM
Transactions as of
Aug 31, 2023
Transactions value $
-$26,305
Form type
4
Date filed
9/1/2023, 01:43 PM
Previous filing
Nov 8, 2022
Next filing
Nov 7, 2023

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 +759 +18.98% $0.00 4.76K Aug 31, 2023 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +121 +2.54% $0.00 4.88K Aug 31, 2023 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$26.3K -258 -5.28% $102.06 4.62K Aug 31, 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 -759 -50% $0.00 759 Aug 31, 2023 Class A Common Stock, $0.001 par value 759 Direct F1, F4
transaction MSM Dividend Equivalent Units Options Exercise $0 -121 -11.37% $0.00 941 Aug 31, 2023 Class A Common Stock, $0.001 par value 121 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 3,034 RSUs were granted on August 31, 2020. 758 RSUs vested on each of August 31, 2021 and August 31, 2022, and 759 RSUs vested on August 31, 2023. 759 RSU vest on August 31, 2024 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 116.02 dividend equivalent units accrued on November 29, 2022, 121.543 dividend equivalent units accrued on January 24, 2023, 110.49 dividend equivalent units accrued on April 25, 2023, and 99.906 dividend equivalent units accrued on July 25, 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.