Seseri Rudina 4
Accession 0001003078-26-000021
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 4:36 PM ET
Size
11.3 KB
Accession
0001003078-26-000021
Research Summary
AI-generated summary of this filing
MSM Director Rudina Converts RSUs into 823 Shares
What Happened
Seseri Rudina, an outside director of MSC Industrial Direct Co., had restricted stock units (RSUs) vest and convert into a total of 823 shares on January 22, 2026 (799 RSUs + 24 dividend-equivalent units). The Form 4 shows these as derivative exercises/conversions (transaction code M) with an acquisition price of $0.00 and corresponding derivative disposition entries for the same amounts. This was a settlement of equity awards, not an open-market purchase or sale for cash.
Key Details
- Transaction date: January 22, 2026. Report filed January 23, 2026 (timely filing).
- Shares: 799 RSUs vested + 24 dividend equivalent units = 823 shares converted. Reported price: $0.00 (RSU settlement).
- Post-transaction holdings: Not specified in the provided Form 4 data.
- Transaction code: M (exercise or conversion of a derivative/security).
- Footnotes highlight:
- F1/F2: RSUs and dividend-equivalent units each convert to one share on vesting.
- F3: 1,598 RSUs were originally granted Jan 22, 2025; 799 vested on Jan 22, 2026; the remaining 799 vest Jan 22, 2027 if service continues.
- F4: Lists specific dividend-equivalent accruals that vested along with the RSUs.
- No indication in this filing of a cash sale or 10b5-1 plan.
Context
These entries reflect routine RSU vesting and settlement (derivative conversion) rather than a market buy or sale. The $0 acquisition price is consistent with RSUs converting into shares upon vesting. The filing does not provide evidence of an immediate cash sale of the vested shares.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock, $0.001 par value
[F1]2026-01-22+799→ 7,121 total - Exercise/Conversion
Class A Common Stock, $0.001 par value
[F2]2026-01-22+24→ 7,145 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F3]2026-01-22−799→ 799 total→ Class A Common Stock, $0.001 par value (799 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F2][F4]2026-01-22−24→ 75 total→ Class A Common Stock, $0.001 par value (24 underlying)
Footnotes (4)
- [F1]Each RSU represents a contingent right to receive one share of Common Stock.
- [F2]The dividend equivalent units accrued with respect to outstanding awards of restricted stock units (RSUs) and vest at the same time(s) as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of Common Stock.
- [F3]1,598 RSUs were granted on January 22, 2025. 799 RSUs vested on January 22, 2026. 799 RSUs vest on January 22, 2027, provided that the Reporting Person continues to serve as Outside Director through the applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
- [F4]Includes 7.470 dividend equivalent units accrued on January 29, 2025, 25.876 dividend equivalent units accrued on April 23, 2025, 22.766 dividend equivalent units accrued on July 23, 2025, and 23.073 dividend equivalent units accrued on November 26, 2025 with respect to the outstanding awards of restricted stock units (RSUs). Such dividend equivalent units vest at the same time(s) as the underlying RSUs and represent a contingent right to receive one share of Common Stock.
Signature
Documents
Issuer
MSC INDUSTRIAL DIRECT CO INC
CIK 0001003078
Related Parties
1- filerCIK 0001744006
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 4:36 PM ET
- Size
- 11.3 KB