John Hill - Nov 3, 2023 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role: SVP, Chief Digital Info Offr.
Signature: /s/ John Hill
Stock symbol: MSM
Transactions as of: Nov 3, 2023
Transactions value $: -$20,563
Form type: 4
Date filed: 11/7/2023, 09:15 AM
Previous filing: Apr 20, 2023
Next filing: Apr 19, 2024

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	+832	+102.84%	$0.00	1.64K	Nov 4, 2023	Direct	F1
transaction	MSM	Class A Common Stock, $0.001 par value	Options Exercise	$0	+30.3	+1.85%	$0.00	1.67K	Nov 4, 2023	Direct	F2
transaction	MSM	Class A Common Stock, $0.001 par value	Tax liability	-$20.6K	-210	-12.58%	$97.78	1.46K	Nov 4, 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)	Award	$0	+3.2K		$0.00	3.2K	Nov 3, 2023	Class A Common Stock, $0.001 par value	3.2K		Direct	F1, F4
transaction	MSM	Restricted Stock Units (RSU)	Options Exercise	$0	-832	-24.98%	$0.00	2.5K	Nov 4, 2023	Class A Common Stock, $0.001 par value	832		Direct	F1, F5
transaction	MSM	Dividend Equivalent Units	Options Exercise	$0	-30.3	-11.42%	$0.00	235	Nov 4, 2023	Class A Common Stock, $0.001 par value	30.3		Direct	F2, F6

* 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	3,195 RSUs were granted on November 3, 2023. 798 RSUs vest on November 3, 2024, and 799 RSUs vest on each of 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.
F5	3,330 RSUs were granted on November 4, 2022. 832 RSUs vested on November 4, 2023. 832 RSUs vest on November 4, 2024, and 833 RSUs vest on each of 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.
F6	Includes 58.072 dividend equivalent units accrued on April 25, 2023 and 52.509 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.