Form 4: MSC Industrial Direct CEO Erik Gershwind Reports Stock Transactions

CEO Erik Gershwind reports acquisition and disposition of MSC Industrial Direct Co. Inc. stock and derivative securities.

Summary

• Erik Gershwind, CEO of MSC Industrial Direct Co., Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On November 3, 2024, Gershwind acquired 4,538 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) and 165.411 shares through dividend equivalent units.
• He also disposed of 1,696.411 shares to cover tax withholding obligations at a price of $80.7.
• Following these transactions, Gershwind directly owns 1,431,282 shares of Class A Common Stock.
• He also indirectly owns shares through various trusts, including Grantor Retained Annuity Trusts (175,378 shares), a trust where he is a co-trustee and beneficiary (61,027 shares), trusts for family members (302,464 shares), and another trust where he is a co-trustee (102,435 shares).
• Gershwind also holds 13,614 Restricted Stock Units and 4,327 Dividend Equivalent Units.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting stock transactions related to executive compensation and tax obligations; it doesn't inherently indicate positive or negative sentiment.

Future Outlook

Future vesting of RSUs is contingent upon continued employment with the Issuer through each applicable vesting date (November 3, 2025, November 3, 2026 and November 3, 2027).

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates