Erik Gershwind - Nov 6, 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 6, 2023
Transactions value $
$3,614,016
Form type
4
Date filed
11/7/2023, 05:43 PM
Previous filing
Nov 6, 2023
Next filing
Jan 17, 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 Award $0 +21.7K +1.62% $0.00 1.37M Nov 6, 2023 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Award $0 +3.46K +0.25% $0.00 1.37M Nov 6, 2023 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$1.25M -12.9K -0.94% $97.33 1.36M Nov 6, 2023 Direct F3
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +7.99K +0.59% $0.00 1.36M Nov 6, 2023 Direct F4
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +2.35K +0.17% $0.00 1.37M Nov 6, 2023 Direct F5
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$513K -5.28K -0.39% $97.33 1.36M Nov 6, 2023 Direct F6
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +8.15K +0.6% $0.00 1.37M Nov 6, 2023 Direct F4
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +1.3K +0.09% $0.00 1.37M Nov 6, 2023 Direct F5
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$469K -4.82K -0.35% $97.33 1.37M Nov 6, 2023 Direct F6
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $5.85M +73.5K +5.38% $79.60 1.44M Nov 7, 2023 Direct
holding MSM Class A Common Stock, $0.001 par value 233K Nov 6, 2023 See footnotes F7, F8
holding MSM Class A Common Stock, $0.001 par value 61K Nov 6, 2023 See footnotes F7, F9
holding MSM Class A Common Stock, $0.001 par value 302K Nov 6, 2023 See footnotes F7, F10
holding MSM Class A Common Stock, $0.001 par value 102K Nov 6, 2023 See footnotes F7, F11

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 -7.99K -100% $0.00* 0 Nov 6, 2023 Class A Common Stock, $0.001 par value 7.99K Direct F4, F12
transaction MSM Dividend Equivalent Units Options Exercise $0 -2.35K -37.88% $0.00 3.85K Nov 6, 2023 Class A Common Stock, $0.001 par value 2.35K Direct F5
transaction MSM Restricted Stock Units (RSU) Options Exercise $0 -8.15K -50% $0.00 8.15K Nov 6, 2023 Class A Common Stock, $0.001 par value 8.15K Direct F4, F13
transaction MSM Dividend Equivalent Units Options Exercise $0 -1.3K -33.66% $0.00 2.55K Nov 6, 2023 Class A Common Stock, $0.001 par value 1.3K Direct F5
transaction MSM Options (right to buy) Options Exercise $0 -73.5K -100% $0.00* 0 Nov 7, 2023 Class A Common Stock, $0.001 par value 73.5K $79.60 Direct F14, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares acquired upon vesting of previously awarded performance share units (PSUs) upon determination by the Compensation Committee of the satisfaction of the underlying performance criteria of such PSUs.
F2 The dividend equivalent units accrued with respect to outstanding awards of PSUs and vest at the same time(s) as the underlying PSUs. Each dividend equivalent unit represents a contingent right to receive one share of Common Stock.
F3 Withholding of shares of Common Stock to satisfy tax withholding obligations in connection with the vesting of PSUs and DEUs.
F4 Each RSU represents a contingent right to receive one share of Common Stock.
F5 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.
F6 Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F7 The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
F8 Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the sole annuitant and trustee.
F9 Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary.
F10 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.
F11 Represents shares held by a Trust of which the Reporting Person is a trustee.
F12 31,937 RSUs were granted on November 6, 2019. 7,984 RSUs vested on each of November 6, 2020, November 6, 2021, November 6, 2022, and 7,985 RSUs vested on November 6, 2023.
F13 32,591 RSUs were granted on November 6, 2020. 8,147 RSUs vested on November 6, 2021, and 8,148 RSUs vested on each of November 6, 2022 and November 6, 2023. 8,148 RSUs vest on November 6, 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.
F14 Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").
F15 An option to purchase 73,469 shares of the Issuer's Common Stock was issued on October 20, 2017 to the Reporting Person under the Issuer's 2015 Omnibus Incentive Plan. 18,367 shares of Common Stock became exercisable on each of October 20, 2018, October 20, 2019 and October 20, 2020, and 18,368 shares of Common Stock became exercisable on October 20, 2021.