Director at MSC Industrial (NYSE: MSM) settles RSUs into shares
Rhea-AI Filing Summary
MSC Industrial Direct director Steven Paladino reported equity award activity and related share issuances. On January 23, 2026, he received a grant of 1,603 restricted stock units (RSUs), each representing a contingent right to one share of Class A Common Stock. These RSUs vest on January 23, 2027, provided he continues to serve as an outside director, and the vested shares will be delivered upon vesting.
On January 24, 2026, 695 previously granted RSUs and 50 dividend equivalent units were settled into an equal number of Class A Common shares at a reported price of $0 per share. Following these settlements, he directly owned 15,528 shares of Class A Common Stock, 1,603 RSUs and 25 dividend equivalent units, all representing additional contingent rights to shares.
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FAQ
What insider activity did MSC Industrial (MSM) report for Steven Paladino?
The filing shows that director Steven Paladino received a grant of 1,603 restricted stock units (RSUs) on January 23, 2026, and on January 24, 2026, 695 RSUs and 50 dividend equivalent units were settled into the same number of Class A Common shares at a reported price of $0 per share.
How many MSC Industrial (MSM) shares does Steven Paladino own after these transactions?
After the reported transactions, Steven Paladino directly owned 15,528 shares of Class A Common Stock, plus 1,603 RSUs and 25 dividend equivalent units, each representing a contingent right to receive one share of Common Stock.
What are the terms of the new RSU grant reported by MSC Industrial (MSM)?
The filing states that 1,603 RSUs were granted on January 23, 2026. These RSUs vest on January 23, 2027, provided Steven Paladino continues to serve as an outside director through that date, and the vested shares will be delivered upon vesting.
What do the dividend equivalent units in the MSC Industrial (MSM) Form 4 represent?
The dividend equivalent units accrued with respect to outstanding RSU awards and vest at the same time as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of Class A Common Stock.
Why did some RSUs and dividend equivalent units convert into MSC Industrial (MSM) shares?
The filing explains that 1,390 RSUs were granted on January 24, 2024, and that 695 RSUs vested on each of January 24, 2025 and January 24, 2026. On January 24, 2026, 695 RSUs and 50 dividend equivalent units were settled into Class A Common shares, consistent with those vesting terms.
Is Steven Paladino’s ownership in MSC Industrial (MSM) direct or indirect?
The reported holdings in the Form 4 are listed as direct (D) ownership for both the Class A Common Stock and the derivative securities (RSUs and dividend equivalent units).