Purcell Rahquel 4
Research Summary
AI-generated summary
MSM Director Rahquel Purcell Vests/Converts RSUs (799 Shares)
What Happened
- Rahquel Purcell, an outside director of MSC Industrial Direct Co., reported the conversion/vesting of restricted stock units (RSUs) on January 22, 2026. The filing shows 799 shares acquired at $0.00 and 799 shares disposed at $0.00 (transaction code M — exercise/conversion of a derivative). The report also shows an additional 24 shares acquired and 24 shares disposed at $0.00 the same day. Because the acquisitions and dispositions match and no cash amounts are reported, the filing reflects vesting/conversion activity rather than an open-market purchase or a cash sale; the net reported change in beneficial ownership from these entries is zero.
Key Details
- Transaction date: 2026-01-22; filing date: 2026-01-26 (timely).
- Reported amounts/prices: 799 shares acquired @ $0.00 and 799 shares disposed @ $0.00; 24 shares acquired @ $0.00 and 24 shares disposed @ $0.00.
- Net change: 0 shares (acquisitions equal dispositions in the filing).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Relevant footnotes:
- F1/F3: RSUs convert to one share of common stock; 1,598 RSUs were granted Jan 22, 2025, with 799 RSUs vesting on Jan 22, 2026 (the vested shares are deliverable upon vesting).
- F2/F4: Dividend equivalent units accrue and vest with the underlying RSUs and represent contingent rights to shares.
- Transaction code M = exercise or conversion of a derivative security (here, RSU vesting/conversion).
Context
- RSU vesting is a common form of director/executive compensation; it is a non‑market purchase event (no cash paid) and does not necessarily indicate buying or selling sentiment. The matching zero-dollar acquisition and disposition entries are consistent with conversion/vesting mechanics (and potentially withholding or internal transfers), not an open‑market sale.