Neal Dongre - Jun 29, 2023 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
VP, Gen Counsel & Corp Sec
Signature
/s/ Neal Dongre
Stock symbol
MSM
Transactions as of
Jun 29, 2023
Transactions value $
-$3,869
Form type
4
Date filed
6/30/2023, 11:26 AM
Previous filing
Nov 8, 2022
Next filing
Oct 19, 2023
SEC
View on sec.gov

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 +123 +12.56% $0.00 1.1K Jun 29, 2023 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +20 +1.82% $0.00 1.12K Jun 29, 2023 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$3.87K -41 -3.66% $94.29 1.08K Jun 29, 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) Options Exercise $0 -123 -50% $0.00 123 Jun 29, 2023 Class A Common Stock, $0.001 par value 123 Direct F1, F4
transaction MSM Dividend Equivalent Units Options Exercise $0 -20 -10.6% $0.00 169 Jun 29, 2023 Class A Common Stock, $0.001 par value 20 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 491 RSUs were granted on June 29, 2020. 122 RSUs vested on June 29, 2021, and 123 RSUs vested on each of June 29, 2022 and June 29, 2023. 123 RSUs vest on June 29, 2024, provided that the Reporting Person remains continuously employed by the Issuer through the applicable vesting date. RSUs accrue quarterly dividend equivalent units (DEUs) in the form of additional RSUs which vest at the same time(s) as the underlying RSUs. The vested shares will be delivered to the Reporting Person upon vesting.
F5 Includes 25.365 dividend equivalent units accrued on November 29, 2022, 26.571 dividend equivalent units accrued on January 24, 2023 and 24.158 dividend equivalent units accrued on April 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. Each dividend equivalent unit represents a contingent right to receive one share of Common Stock.