Erik Gershwind - Oct 17, 2023 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
President and CEO, Director
Signature
/s/ Erik Gershwind
Stock symbol
MSM
Transactions as of
Oct 17, 2023
Transactions value $
-$167,457
Form type
4
Date filed
10/19/2023, 05:23 PM
Previous filing
Oct 5, 2023
Next filing
Nov 6, 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 +3.31K +0.24% $0.00 1.35M Oct 17, 2023 Direct F1, F2
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +1.12K +0.08% $0.00 1.35M Oct 17, 2023 Direct F3
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$167K -1.59K -0.12% $104.99 1.35M Oct 17, 2023 Direct F4
holding MSM Class A Common Stock, $0.001 par value 233K Oct 17, 2023 See footnotes F2, F5, F6
holding MSM Class A Common Stock, $0.001 par value 61K Oct 17, 2023 See footnotes F5, F7
holding MSM Class A Common Stock, $0.001 par value 302K Oct 17, 2023 See footnotes F5, F8
holding MSM Class A Common Stock, $0.001 par value 102K Oct 17, 2023 See footnotes F5, F9

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 -3.31K -100% $0.00* 0 Oct 17, 2023 Class A Common Stock, $0.001 par value 3.31K Direct F1, F10
transaction MSM Dividend Equivalent Units Options Exercise $0 -1.12K -14.22% $0.00 6.74K Oct 17, 2023 Class A Common Stock, $0.001 par value 1.12K Direct F3, F11
* 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 Includes transfers of an aggregate of 12,446 shares of Class A Common Stock to Mr. Gershwind from Grantor Retained Annuity Trusts, of which the Reporting Person is the sole annuitant and trustee.
F3 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 ot receive one share of Common Stock.
F4 Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F5 The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
F6 Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the sole annuitant and trustee.
F7 Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary.
F8 Represents shares held by trusts over whose trustee the Reporting Person can exercise remove and replace powers and the beneficiaries of which are family members of the Reporting Person.
F9 Represents shares held by a Trust of which the Reporting Person is a trustee.
F10 16,524 RSUs were granted on October 17, 2018. 3,304 RSUs vested on October 17, 2019. 3,305 RSUs vested on each of October 17, 2020, October 17, 2021, October 17, 2022 and October 17, 2023.
F11 Includes 632.226 dividend equivalent units accrued on November 29, 2022, 662.306 dividend equivalent units accrued on January 24, 2023, 602.091 dividend equivalent units accrued on April 25, 2023 and 544.416 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.