Erik Gershwind - Nov 3, 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
Nov 3, 2023
Transactions value $
-$1,842,619
Form type
4
Date filed
11/6/2023, 07:18 PM
Previous filing
Oct 19, 2023
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 Sale -$1.33M -13.6K -1.01% $97.91 1.34M Nov 3, 2023 Direct
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +4.92K +0.37% $0.00 1.34M Nov 4, 2023 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +179 +0.01% $0.00 1.34M Nov 4, 2023 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$255K -2.6K -0.19% $97.78 1.34M Nov 4, 2023 Direct F3
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +4.78K +0.36% $0.00 1.35M Nov 5, 2023 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +360 +0.03% $0.00 1.35M Nov 5, 2023 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$257K -2.62K -0.19% $97.78 1.34M Nov 5, 2023 Direct F3
holding MSM Class A Common Stock, $0.001 par value 233K Nov 3, 2023 See footnotes F4, F5
holding MSM Class A Common Stock, $0.001 par value 61K Nov 3, 2023 See footnotes F4, F6
holding MSM Class A Common Stock, $0.001 par value 302K Nov 3, 2023 See footnotes F4, F7
holding MSM Class A Common Stock, $0.001 par value 102K Nov 3, 2023 See footnotes F4, F8

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) Award $0 +18.2K $0.00 18.2K Nov 3, 2023 Class A Common Stock, $0.001 par value 18.2K Direct F1, F9
transaction MSM Restricted Stock Units (RSU) Options Exercise $0 -4.92K -25% $0.00 14.8K Nov 4, 2023 Class A Common Stock, $0.001 par value 4.92K Direct F1, F10
transaction MSM Dividend Equivalent Units Options Exercise $0 -179 -2.66% $0.00 6.56K Nov 4, 2023 Class A Common Stock, $0.001 par value 179 Direct F2
transaction MSM Restricted Stock Units (RSU) Options Exercise $0 -4.78K -33.33% $0.00 9.56K Nov 5, 2023 Class A Common Stock, $0.001 par value 4.78K Direct F1, F11
transaction MSM Dividend Equivalent Units Options Exercise $0 -360 -5.49% $0.00 6.2K Nov 5, 2023 Class A Common Stock, $0.001 par value 360 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 ot 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 The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
F5 Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the sole annuitant and trustee.
F6 Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary.
F7 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 Report Person.
F8 Represents shares held by a Trust of which the Reporting Person is a trustee.
F9 18,152 RSUs were granted on November 3, 2023. 4,538 RSUs vest on each of November 3, 2024, November 3, 2025, November 3, 2026 and November 3, 2027, 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.
F10 19,680 RSUs were granted on November 4, 2022. 4,920 RSUs vested on November 4, 2023. 4,920 RSUs vest on each of November 4, 2024, November 4, 2025 and November 4, 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.
F11 19,126 RSUs were granted on November 5, 2021. 4,781 RSUs vested on each of November 5, 2022 and November 5, 2023. 4,782 RSUs vest on each of November 5, 2024 and November 5, 2025, 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.