MSC director shifts 13,960 shares to joint LLC
MSC Industrial Direct director Steven Paladino reported a reclassification of his MSC shares between direct and indirect ownership.
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Rhea-AI Filing Summary
MSC Industrial Direct director Steven Paladino reported a reclassification of his MSC shares between direct and indirect ownership. On February 5, 2026, 13,960 shares of Class A common stock were transferred at a reported price of $0 per share. After this transfer, he held 1,568 shares directly and 13,960 shares indirectly.
The filing explains that the indirect holdings represent shares held in an LLC jointly owned by Paladino and his spouse, meaning the 13,960 shares are now attributed to that jointly owned LLC rather than to him individually as a direct holder.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock, $0.001 par value | 13,960 | $0.00 | $0.00 |
| Gift | Class A Common Stock, $0.001 par value | 13,960 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares held in an LLC jointly owned by the Reporting Person and the Reporting Person's spouse.
FAQ
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What insider transaction did MSC Industrial (MSM) director Steven Paladino report?
What does indirect ownership mean in Steven Paladino’s MSC (MSM) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.