Form 4 for MSM MSC INDUSTRIAL DIRECT CO INC
Accepted 2023-10-19 00:00:00 ET · period of report 2023-10-17 · accession 0001003078-23-000093 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-10-19 | 2023-10-17 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | M - OptEx | $0.00 | +4,422 | 1.35M | +0.3% | $0 |
| D | 2023-10-19 | 2023-10-17 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | F - Tax | $104.99 | -1,595 | 1.35M | -0.1% | -$167.5K |
| DM | 2023-10-19 | 2023-10-17 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | M - OptEx | $0.00 | -4,422 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock, $0.001 par value | 2023-10-17 | M | A | 1,116.98 | $0.00 | 1,354,246 | D | — | — | (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. |
| 2 | Common | Class A Common Stock, $0.001 par value | 2023-10-17 | M | A | 3,305 | $0.00 | 1,353,129 | D | — | — | (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. |
| 3 | Common | Class A Common Stock, $0.001 par value | 2023-10-17 | F | D | 1,594.98 | $104.99 | 1,352,651 | D | — | — | (F4) Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs. |
| 4 | Derivative | Dividend Equivalent Units | 2023-10-17 | M | D | 1,116.98 | $0.00 | 6,737 | D | — · — to — | 1,116.98 Class A Common Stock, $0.001 par value | (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. (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. |
| 5 | Derivative | Restricted Stock Units (RSU) | 2023-10-17 | M | D | 3,305 | $0.00 | 0 | D | — · — to — | 3,305 Class A Common Stock, $0.001 par value | (F1) Each RSU represents a contingent right to receive one share of Common Stock. (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. |