Form 4: MSC Industrial Direct EVP Kristen Actis-Grande Reports Stock Transactions

Kristen Actis-Grande, EVP & Chief Financial Officer of MSC Industrial Direct Co., Inc., reports the vesting of restricted stock units and dividend equivalent units, along with the disposition of shares to cover tax obligations.

Summary

• On August 31, 2024, Kristen Actis-Grande, EVP & Chief Financial Officer of MSC Industrial Direct Co., Inc., had restricted stock units (RSUs) vest, resulting in the acquisition of 759 Class A Common Stock.
• Additionally, 152.805 dividend equivalent units (DEUs) vested, also representing the right to acquire Class A Common Stock.
• To cover tax withholding obligations arising from the vesting of RSUs and DEUs, Ms. Actis-Grande disposed of 266.805 shares of Class A Common Stock at a price of $82.24 per share.
• Following these transactions, Ms. Actis-Grande directly owns 5,267 shares of Class A Common Stock and 1,057 dividend equivalent units.
• The reported transactions were filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider activity.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
• The transactions reflect the compensation structure for the company's executives.

Key Dates