Director Rudina Seseri receives RSU grant and share conversions at MSC Industrial (NYSE: MSM)
Rhea-AI Filing Summary
MSC Industrial Direct director Rudina Seseri reported equity award activity involving Class A common stock and restricted stock units. On January 23, 2026, she received a grant of 1,603 restricted stock units, each representing a contingent right to one share of common stock, which will vest on January 23, 2027 if she continues to serve as an outside director.
On January 24, 2026, 695 previously granted restricted stock units and 50 dividend equivalent units were converted into the same number of Class A common shares at a price of $0 per share. Following these transactions, she directly held 7,890 shares of Class A common stock and 25 dividend equivalent units, along with 1,603 unvested restricted stock units.
Positive
- None.
Negative
- None.
FAQ
What insider activity did MSC Industrial Direct (MSM) disclose for Rudina Seseri?
The filing shows that director Rudina Seseri received a grant of 1,603 restricted stock units (RSUs) on January 23, 2026, and that 695 RSUs and 50 dividend equivalent units vested and were converted into the same number of Class A common shares on January 24, 2026 at $0 per share.
How many MSC Industrial (MSM) restricted stock units did Rudina Seseri receive and when do they vest?
Rudina Seseri was granted 1,603 RSUs on January 23, 2026. According to the filing, these RSUs vest on January 23, 2027, provided she continues to serve as an outside director through that vesting date.
How many MSC Industrial Direct (MSM) shares does Rudina Seseri own after the reported transactions?
After the January 24, 2026 conversions, Rudina Seseri directly owned 7,890 shares of MSC Industrial Direct Class A common stock. She also held 25 dividend equivalent units and 1,603 unvested RSUs, each representing a contingent right to one share.
What are dividend equivalent units in the MSC Industrial (MSM) Form 4 filing?
The filing explains that dividend equivalent units accrue on outstanding restricted stock units (RSUs) and vest at the same time as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of common stock.
Were any MSC Industrial Direct (MSM) shares sold in this Form 4?
No sale transactions are reported. The January 24, 2026 entries use transaction code "M", indicating conversion of RSUs and dividend equivalent units into Class A common stock at a price of $0 per share, rather than open-market sales.
What prior RSU grant for MSC Industrial (MSM) is referenced in the footnotes?
The footnotes state that 1,390 RSUs were granted on January 24, 2024, with 695 RSUs vesting on each of January 24, 2025 and January 24, 2026. The 695 RSUs vesting on January 24, 2026 are among those converted into Class A shares in this filing.