Form 4: MSC Industrial Direct Executive Reports Stock Transactions

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

Summary

• On November 3, 2024, Kimberly Shacklett, SVP of Sales & Customer Success at MSC Industrial Direct Co., Inc., reported transactions involving Class A Common Stock.
• These transactions included the vesting of 511 Restricted Stock Units (RSUs) and 18,626 Dividend Equivalent Units (DEUs), each representing a contingent right to receive one share of Common Stock.
• Shacklett also disposed of 151.626 shares to cover tax withholding obligations arising from the vesting of RSUs and DEUs at a price of $80.7 per share.
• Following these transactions, Shacklett directly owns 13,275 shares of Class A Common Stock and holds 1,534 RSUs and 261 DEUs.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a routine disclosure of stock transactions related to executive compensation.

Future Outlook

Future vesting of RSUs is contingent upon the Reporting Person's continued employment with the Issuer.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align executive interests with shareholder value.
• Companies like Fastenal, W.W. Grainger, and Applied Industrial Technologies also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedules and terms of these grants are typically detailed in the company's proxy statements.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.

Key Dates