Form 4: MSC Industrial Direct Director Philip Peller Reports Stock Transactions

Director Philip Peller reports the vesting of restricted stock units and dividend equivalent units, resulting in changes to his beneficial ownership of MSC Industrial Direct Co., Inc. stock.

Summary

• On January 25, 2025, Philip Peller, a director of MSC Industrial Direct Co., Inc., reported transactions involving Class A Common Stock.
• 777 Restricted Stock Units (RSUs) vested, each representing a contingent right to receive one share of Common Stock.
• Additionally, 50 dividend equivalent units vested, also representing a contingent right to receive one share of Common Stock.
• These transactions occurred pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
• Following these transactions, Peller directly owns 4,871 shares of Class A Common Stock and indirectly owns 14,896 shares through a trust where his spouse is the sole beneficiary.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice and regulated by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine vesting of previously granted equity.

Key Dates