Form 4: MSC Industrial Direct Executive Reports Stock Transactions Following RSU Vesting

Elizabeth Bledsoe, SVP & Chief People Officer of MSC Industrial Direct, reports the vesting of restricted stock units (RSUs) and dividend equivalent units (DEUs), along with the disposition of shares to cover tax obligations.

Summary

• On November 6, 2024, Elizabeth Bledsoe, SVP & Chief People Officer of MSC Industrial Direct Co., Inc., had 376 Restricted Stock Units (RSUs) vest.
• Additionally, 75.698 dividend equivalent units (DEUs) accrued and vested related to outstanding RSUs.
• Bledsoe disposed of 131.698 shares of Class A Common Stock at $88.79 per share to cover tax withholding obligations arising from the vesting of the RSUs and DEUs.
• Following these transactions, Bledsoe directly owns 8,846 shares of Class A Common Stock and 0 derivative securities.
• The reported transactions were filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document reflects standard executive compensation practices and stock transactions, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with shareholder value.
• The vesting schedule of these RSUs is typical, with vesting occurring annually over a four-year period.
• Disposition of shares to cover tax obligations is a standard practice when RSUs vest.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding executive stock ownership.

Key Dates