Form 4: MSC Industrial Direct COO McIsaac Reports Stock Transactions

Martina McIsaac, President & COO of MSC Industrial Direct Co., Inc., reports the vesting of restricted stock units and associated tax withholding.

Summary

• On November 3, 2024, Martina McIsaac, President & COO of MSC Industrial Direct Co., Inc., had restricted stock units (RSUs) vest and dividend equivalent units (DEUs) accrue.
• 958 RSUs vested, each representing a contingent right to receive one share of Class A Common Stock.
• Additionally, 34.919 dividend equivalent units accrued, also representing a contingent right to receive shares of Class A Common Stock.
• A disposition of 241.919 shares of Class A Common Stock occurred to cover tax withholding obligations arising from the vesting of RSUs and DEUs at a price of $80.7 per share.
• Following these transactions, McIsaac directly owns 3,512 shares of Class A Common Stock, 2,877 Restricted Stock Units, and 532 Dividend Equivalent Units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation, with no particularly positive or negative implications.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.

Stakeholder Impact

• The vesting of RSUs and associated tax obligations may have a minor impact on the company's financial statements.

Key Dates