PALADINO STEVEN 4

What Happened
Steven Paladino, an outside director of MSC Industrial Direct Co., had a total of 823 shares recorded as converted/vested on January 22, 2026 (799 shares + 24 shares). The Form 4 shows these as derivative conversions/exercises (code M) at $0.00 — i.e., the transactions reflect the vesting/conversion/settlement of previously granted restricted stock units (RSUs) rather than an open-market purchase or sale. No cash amount was reported for these conversions.

Key Details

• Transaction date: January 22, 2026 (reported on Form 4 filed January 26, 2026).
• Transactions reported as exercise/conversion of derivative (code M); 799 shares and 24 shares were listed as both "acquired" and "disposed" at $0.00.
• Total shares affected: 823.
• Price/Proceeds: $0.00 reported (these entries reflect RSU vesting/conversion, not a market sale or purchase).
• Relevant footnotes:
  • F1–F3: 1,598 RSUs were granted Jan 22, 2025; 799 RSUs vested Jan 22, 2026 and 799 vest Jan 22, 2027 if service continues. Vested shares are delivered upon vesting.
  • F2 & F4: Dividend-equivalent units accrued with the RSUs vest with the underlying awards and convert to shares on the same schedule.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed Jan 26, 2026 for a Jan 22, 2026 transaction — filed within the standard two-business-day reporting window.

Context

• Code M on Form 4 covers exercise or conversion of derivative securities. Here it denotes RSUs converting into common shares at vesting; the $0 price indicates no cash purchase was made.
• The parallel "acquired" and "disposed" entries at $0 often reflect internal settlement/transfer mechanics of RSU vesting (e.g., conversion and immediate delivery/net settlement), not an indication of market selling or buying.
• This is routine insider reporting of compensation-related vesting for a non-executive director and should not be read as a market-timing trade signal.