MSC INDUSTRIAL DIRECT CO INC·4

Jan 23, 4:36 PM ET

Seseri Rudina 4

Research Summary

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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.