Julie V. Rockett Files Form 3 Reporting Direct Shares and Multiple RSU Schedules at MSC
Rhea-AI Filing Summary
Julie V. Rockett, VP & Chief People Officer at MSC Industrial Direct Co., Inc. (MSM), filed an Initial Form 3 reporting her equity holdings. The filing shows 1,133 shares of Class A common stock held directly and multiple restricted stock unit (RSU) awards and dividend equivalent units that convert into shares upon vesting. RSU grants from 2021 through 2024 are listed with specific vesting tranches (examples: 411 RSUs from 2021 with scheduled vesting through 2025; 423 RSUs from 2022 vesting through 2026; 357 RSUs from 2023 vesting through 2027; 434 RSUs from 2024 vesting through 2028; and 61 RSUs from 12/17/2024 vesting through 2027). A separate 83 dividend equivalent units are also reported and vest with the related RSUs.
Positive
- Clear disclosure of direct ownership (1,133 Class A shares) and detailed RSU grant schedules
- RSU vesting timelines and dividend equivalent units are explicitly described, improving transparency
Negative
- None.
Insights
TL;DR Routine Section 16 initial ownership filing showing direct shares and staged RSU grants with multi-year vesting schedules.
The Form 3 documents 1,133 direct Class A shares and several RSU grants awarded between 2021 and 2024, each with explicit vesting tranches and delivery upon vesting. This is a standard disclosure for an officer and provides transparency on compensation-related equity subject to service-based vesting. No exercised options, sales, or derivative exercises are reported. The filing does not include market values or total percentage ownership of outstanding shares, so material ownership percentage cannot be determined from this form alone.
TL;DR Properly completed initial beneficial ownership disclosure; RSU schedules align with typical executive retention awards.
The submission appears complete for a Form 3, listing direct holdings and detailed RSU grant schedules including vesting dates and quantities. The inclusion of dividend equivalent units and explicit vesting conditions meets disclosure expectations. The form contains no indications of amendment or irregularities. It does not, however, provide information on executive employment agreements or any acceleration provisions, which are outside the scope of Form 3.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Dividend Equivalent Units | -- | -- | -- |
| holding | Class A Common Stock, $0.001 par value | -- | -- | -- |
Footnotes (1)
- 411 RSUs were granted on November 5, 2021. 102 RSUs vested on November 5, 2022 and 103 RSUs vested on each of November 5, 2023 and November 5, 2024. 103 RSUs vest on November 5, 2025, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting. Each RSU represents a contingent right to receive one share of Common Stock. 423 RSUs were granted on November 4, 2022. 105 RSUs vested on November 4, 2023 and 106 RSUs vested on November 4, 2024. 106 RSUs vest on each of November 4, 2025 and November 4, 2026, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting. 357 RSUs were granted on November 3, 2023. 89 RSUs vested on November 3, 2024. 89 RSUs vest on each of November 3, 2025 and November 3, 2026, and 90 RSUs vest on November 3, 2027, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting. 434 RSUs were granted on November 4, 2024. 108 RSUs vest on each of November 4, 2025 and November 4, 2026, and 109 RSUs vest on each of November 4, 2027, and November 4, 2028, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting. 61 RSUs were granted on December 17, 2024. 20 RSUs vest on each of December 17, 2025 and December 17, 2026, and 21 RSUs vest on December 17, 2027, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting. 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 ot receive one share of Common Stock.
