Form 4: MSC Industrial Direct Executive Shacklett Reports Stock Transactions
SEC Form 4 Filing
Kimberly Shacklett, SVP at MSC Industrial Direct, reports acquisition and disposal of company stock related to vesting of performance share units and restricted stock units.
Summary
- On November 5, 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 acquisition of 782 shares upon vesting of performance share units (PSUs).
- She also acquired 89.509 shares related to dividend equivalent units.
- Additionally, 249.509 shares were withheld to cover tax obligations related to the vesting of PSUs at a price of $82.06.
- 196 shares were acquired upon vesting of restricted stock units (RSUs).
- 22.435 shares were acquired upon vesting of dividend equivalent units.
- 63.435 shares were disposed of to cover tax withholding obligations arising from the vesting of RSUs and DEUs at a price of $82.06.
- Following these transactions, Shacklett beneficially owns 14,371 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of PSUs and RSUs indicates that performance criteria and continued employment requirements were met.
Negatives
- The disposal of shares to cover tax obligations reduces the executive's holdings, although this is a common practice.
Future Outlook
196 RSUs vest on November 5, 2025, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Form 4 filings are required by the SEC to provide transparency into these transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 11/05/2021 | Date of grant of 782 Restricted Stock Units (RSUs) |
| 11/05/2022 | Date of vesting of 195 Restricted Stock Units (RSUs) |
| 11/05/2023 | Date of vesting of 195 Restricted Stock Units (RSUs) |
| 11/05/2024 | Date of transactions: vesting of PSUs and RSUs, tax withholding, and reporting date. |
| 11/05/2025 | Date of vesting of 196 Restricted Stock Units (RSUs), provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. |
| 11/07/2024 | Date of signature. |
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