Form 4 for MSM MSC INDUSTRIAL DIRECT CO INC
Accepted 2023-11-07 00:00:00 ET · period of report 2023-11-06 · accession 0001003078-23-000118 · 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 | 2023-11-07 | 2023-11-06+ | MSM | GERSHWIND ERIK | Pres, CEO, Dir | M - OptEx | $62.72 | +93.2K | 1.36M | +7% | +$5.85M |
| DM | 2023-11-07 | 2023-11-06 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | F - Tax | $97.33 | -23.0K | 1.36M | -2% | -$2.23M |
| DM | 2023-11-07 | 2023-11-06 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | A - Grant | $0.00 | +25.2K | 1.37M | +2% | $0 |
| DM | 2023-11-07 | 2023-11-06+ | MSM | GERSHWIND ERIK | Pres, CEO, Dir | M - OptEx | $0.00 | -93.2K | 2,554 | -97% | $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 | 2023-11-06 | M | A | 1,296.15 | $0.00 | 1,370,891 | D | — | — | (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. |
| 2 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | M | A | 8,148 | $0.00 | 1,369,595 | D | — | — | (F4) Each RSU represents a contingent right to receive one share of Common Stock. |
| 3 | Common | Class A Common Stock, $0.001 par value | 2023-11-07 | M | A | 73,469 | $79.60 | 1,439,538 | D | — | — | |
| 4 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | M | A | 2,347.81 | $0.00 | 1,366,723 | D | — | — | (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. |
| 5 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | F | D | 4,822.15 | $97.33 | 1,366,069 | D | — | — | (F6) Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs. |
| 6 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | F | D | 5,275.81 | $97.33 | 1,361,447 | D | — | — | (F6) Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs. |
| 7 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | A | A | 3,456.08 | $0.00 | 1,369,246 | D | — | — | (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. |
| 8 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | A | A | 21,726 | $0.00 | 1,365,790 | D | — | — | (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. |
| 9 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | M | A | 7,985 | $0.00 | 1,364,375 | D | — | — | (F4) Each RSU represents a contingent right to receive one share of Common Stock. |
| 10 | Common | Class A Common Stock, $0.001 par value | 2023-11-06 | F | D | 12,856.08 | $97.33 | 1,356,390 | D | — | — | (F3) Withholding of shares of Common Stock to satisfy tax withholding obligations in connection with the vesting of PSUs and DEUs. |
| 11 | Derivative | Options (right to buy) | 2023-11-07 | M | D | 73,469 | $0.00 | 0 | D | $79.60 · — to 2024-10-19 | 73,469 Class A Common Stock, $0.001 par value | (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. |
| 12 | Derivative | Restricted Stock Units (RSU) | 2023-11-06 | M | D | 8,148 | $0.00 | 8,148 | D | — · — to — | 8,148 Class A Common Stock, $0.001 par value | (F4) Each RSU represents a contingent right to receive one share of Common Stock. (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. |
| 13 | Derivative | Dividend Equivalent Units | 2023-11-06 | M | D | 2,347.81 | $0.00 | 3,850 | D | — · — to — | 2,347.81 Class A Common Stock, $0.001 par value | (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. |
| 14 | Derivative | Restricted Stock Units (RSU) | 2023-11-06 | M | D | 7,985 | $0.00 | 0 | D | — · — to — | 7,985 Class A Common Stock, $0.001 par value | (F4) Each RSU represents a contingent right to receive one share of Common Stock. (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. |
| 15 | Derivative | Dividend Equivalent Units | 2023-11-06 | M | D | 1,296.15 | $0.00 | 2,554 | D | — · — to — | 1,296.15 Class A Common Stock, $0.001 par value | (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. |