Kaufmann Michael C 4
Accession 0001003078-26-000023
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 4:49 PM ET
Size
11.3 KB
Accession
0001003078-26-000023
Research Summary
AI-generated summary of this filing
MSC Industrial (MSM) Director Michael Kaufmann Converts RSUs (823)
What Happened
Director Michael C. Kaufmann had restricted stock units (RSUs) convert/exercise on January 22, 2026. The Form 4 reports acquisitions and corresponding dispositions of 799 shares and 24 shares (total 823) at an exercise/conversion price of $0.00. These entries reflect settlement/conversion of RSU-related derivative awards rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-01-22; filing date (Form 4): 2026-01-23 (timely — one day later).
- Reported transactions: M (exercise/conversion of derivative) — 799 shares @ $0.00 (acquired and concurrently disposed) and 24 shares @ $0.00 (acquired and concurrently disposed). Total affected: 823 shares.
- Considerations from footnotes:
- F3: 1,598 RSUs were originally granted 1/22/2025; 799 RSUs vested 1/22/2026 (the other 799 vest 1/22/2027 if service continues).
- F4: Dividend equivalent units have accrued on the RSUs and vest with the underlying awards (these are contingent rights to receive shares).
- F1–F2: RSUs and dividend equivalent units each convert to one share of common stock when settled.
- Shares owned after the transactions: not specified in the provided excerpt.
- No 10b5-1 plan, late filing, or open-market sale/purchase is disclosed in the excerpt.
Context
This was a derivative/award settlement (RSU conversion) reported under code M. The Form 4 shows both acquisition and disposition entries at $0.00, which typically accompany RSU vesting/settlement and associated processing (such as delivery or withholding), rather than a market trade. There is no cash purchase or reported open‑market sale in this filing.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock, $0.001 par value
[F1]2026-01-22+799→ 14,782 total - Exercise/Conversion
Class A Common Stock, $0.001 par value
[F2]2026-01-22+24→ 14,806 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 0001471294
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 4:49 PM ET
- Size
- 11.3 KB