Kimberly Shacklett - 03 Nov 2024 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Signature
/s/ Kimberly Shacklett
Issuer symbol
MSM
Transactions as of
03 Nov 2024
Net transactions value
-$12,236
Form type
4
Filing time
05 Nov 2024, 10:39:06 UTC
Previous filing
18 Jul 2024
Next filing
06 Nov 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 +511 +4% $0.000000 13,408 03 Nov 2024 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +19 +0.14% $0.000000 13,427 03 Nov 2024 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability $12,236 -152 -1.1% $80.70 13,275 03 Nov 2024 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 -511 -25% $0.000000 1,534 03 Nov 2024 Class A Common Stock, $0.001 par value 511 Direct F1, F4
transaction MSM Dividend Equivalent Units Options Exercise $0 -19 -6.7% $0.000000 261 03 Nov 2024 Class A Common Stock, $0.001 par value 19 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 2,045 RSUs were granted on November 3, 2023. 511 RSUs vested on November 3, 2024. 511 RSUs vest on each of November 3, 2025 and November 3, 2026, and 512 RSUs vest on 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 Includes 35.896 dividend equivalent units accrued on January 23, 2024, 37.553 dividend equivalent units accrued on April 23, 2024, and 42.381 dividend equivalent units accrued on July 23, 2024, with respect to outstanding awards of restricted stock units (RSUs). Such dividend equivalent units 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.