MSC Industrial (NYSE: MSM) director adds 823 shares as RSUs vest
Rhea-AI Filing Summary
MSC Industrial Direct board member Michael C. Kaufmann reported the vesting of equity awards and related share issuance. On January 22, 2026, 799 restricted stock units (RSUs) vested and were settled for 799 shares of Class A common stock, and 24 dividend equivalent units were settled for 24 additional shares, all at a stated price of $0 per share. These units each represented a right to receive one share of common stock upon vesting.
The RSUs were part of a 1,598-unit grant made on January 22, 2025, with 799 RSUs vesting on January 22, 2026 and the remaining 799 scheduled to vest on January 22, 2027 if Kaufmann continues to serve as an outside director. After these transactions, he directly holds 14,806 shares of Class A common stock, 799 RSUs and 75 dividend equivalent units, which will vest in line with the underlying RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 799 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 24 | $0.00 | -- |
| Exercise | Class A Common Stock, $0.001 par value | 799 | $0.00 | -- |
| Exercise | Class A Common Stock, $0.001 par value | 24 | $0.00 | -- |
Footnotes (1)
- Each RSU represents a contingent right to receive one share of Common Stock. 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 to receive one share of Common Stock. 1,598 RSUs were granted on January 22, 2025. 799 RSUs vested on January 22, 2026. 799 RSUs vest on January 22, 2027, provided that the Reporting Person continues to serve as Outside Director through the applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting. Includes 7.470 dividend equivalent units accrued on January 29, 2025, 25.876 dividend equivalent units accrued on April 23, 2025, 22.766 dividend equivalent units accrued on July 23, 2025, and 23.073 dividend equivalent units accrued on November 26, 2025 with respect to the outstanding awards of restricted stock units (RSUs). Such dividend equivalent units vest at the same time(s) as the underlying RSUs and represent a contingent right to receive one share of Common Stock.
FAQ
What did MSC Industrial (MSM) director Michael Kaufmann report in this Form 4?
Michael C. Kaufmann reported the vesting of 799 RSUs and 24 dividend equivalent units on January 22, 2026, which were settled into shares of MSC Industrial Direct Class A common stock at a stated price of $0 per share.
What are the terms of Michael Kaufmanns RSU grant at MSC Industrial (MSM)?
A grant of 1,598 RSUs was made on January 22, 2025. 799 RSUs vested on January 22, 2026, and the remaining 799 RSUs are scheduled to vest on January 22, 2027, provided he continues to serve as an outside director. Each RSU represents a right to receive one share of common stock upon vesting.
What are dividend equivalent units in this MSC Industrial (MSM) Form 4?
The dividend equivalent units are amounts accrued on outstanding RSU awards that mirror dividends on MSC Industrial Direct common stock. Each dividend equivalent unit represents a contingent right to receive one share of common stock and vests at the same time as the related RSUs.
What derivative holdings does Michael Kaufmann still have after these MSC Industrial (MSM) transactions?
After the transactions, Kaufmann holds 799 RSUs and 75 dividend equivalent units, all directly. These units each represent a contingent right to receive one share of Class A common stock, vesting in line with the underlying RSU schedule.