Form 4: MSC Industrial Direct Executive Kimberly Shacklett Reports Stock Transactions

Kimberly Shacklett, SVP at MSC Industrial Direct, reports the vesting of restricted stock units and associated tax withholding transactions.

Summary

• Kimberly Shacklett, a Senior Vice President at MSC Industrial Direct Co., Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's Class A Common Stock.
• On November 6, 2024, Shacklett vested 334 Restricted Stock Units (RSUs) and 67.242 Dividend Equivalent Units (DEUs), each representing a contingent right to receive one share of Common Stock.
• She also disposed of 115.242 shares to the issuer to cover tax withholding obligations arising from the vesting of the RSUs and DEUs at a price of $88.79 per share.
• Following these transactions, Shacklett directly owns 14,657 shares of Class A Common Stock and 140 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and tax obligations, with no indication of unusual or concerning activity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.

Key Dates