Form 4: MSC Industrial Direct Executive John Hill Reports Stock Transactions

John Hill, SVP and Chief Digital Information Officer of MSC Industrial Direct, reports the vesting of restricted stock units and associated tax withholding.

Summary

• On April 18, 2024, John Hill, SVP, Chief Digital Info Offr. of MSC Industrial Direct CO INC, reported transactions involving Class A Common Stock.
• These transactions included the vesting of 1,035 Restricted Stock Units (RSUs) and 66.457 Dividend Equivalent Units (DEUs), each convertible to one share of Class A Common Stock.
• Hill also disposed of 265.457 shares to cover tax withholding obligations at a price of $91.44 per share.
• Following these transactions, Hill directly owns 2,297 shares of Class A Common Stock, 2,070 Restricted Stock Units, and 323 Dividend Equivalent Units.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock-based compensation. It doesn't indicate a significant positive or negative outlook for the company.

Future Outlook

1,035 RSUs are scheduled to vest on each of April 18, 2025, and April 18, 2026, contingent upon continued employment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Fastenal, Grainger, and Lawson Products also have executives who regularly file Form 4s related to stock options and restricted stock unit vesting.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees holding RSUs are positively impacted as their awards vest over time.

Key Dates