MSM CEO Gifts 22,273 Shares; Maintains 1.56M Direct Stake – Form 4
Form 4 filing – MSC Industrial Direct Co., Inc. (MSM) Chief Executive Officer and Director Erik Gershwind reported two bona-fide gift transactions (transaction code “G”) dated 07/11/2025, each involving 22,273 shares of Class A Common Stock at a price of $0.
Rhea-AI Filing Summary
Form 4 filing – MSC Industrial Direct Co., Inc. (MSM)
- Chief Executive Officer and Director Erik Gershwind reported two bona-fide gift transactions (transaction code “G”) dated 07/11/2025, each involving 22,273 shares of Class A Common Stock at a price of $0.
- The first line records a disposition (D) of 22,273 shares to Grantor Retained Annuity Trusts noted in footnotes (2) (3). After this transfer those trusts hold 44,513 shares.
- The second line shows an acquisition (A) of 22,273 shares by other trusts over which the filer can exercise remove/replace powers (footnotes (2) (4)), bringing those trusts to 354,963 shares.
- Post-transaction ownership: 1,559,286 shares held directly and 562,938 shares held indirectly across various trusts (footnotes 1–6). No derivative securities were reported.
- No open-market purchases or sales occurred; the filing records internal trust transfers only, leaving the executive’s overall economic exposure largely unchanged.
Positive
- None.
Negative
- None.
Insights
TL;DR: Trust-to-trust gifts; no sale; overall ownership steady—minimal market impact.
The Form 4 details two non-cash "G" transactions that merely shift 22,273 shares between entities associated with CEO Erik Gershwind. Because the transfers are gifts, no market price or proceeds are involved, and total direct plus indirect holdings remain significant at roughly 1.56 million direct and 0.56 million indirect shares. With no reduction in aggregate beneficial ownership or indication of future sales, the disclosure is informational rather than market-moving. I classify the impact as neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock, $0.001 par value | 22,273 | $0.00 | $0.00 |
| Gift | Class A Common Stock, $0.001 par value | 22,273 | $0.00 | $0.00 |
| holding | Class A Common Stock, $0.001 par value | -- | -- | -- |
| holding | Class A Common Stock, $0.001 par value | -- | -- | -- |
| holding | Class A Common Stock, $0.001 par value | -- | -- | -- |
Footnotes (6)
- F1. Includes transfers of an aggregate 22,351 shares of Class A Common Stock to the Reporting Person from Grantor Retained Annuity Trusts, of which the Reporting Person was the sole annuitant and trustee.
- F2. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
- F3. Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the sole annuitant and trustee.
- F4. Represents shares held by trusts over whose trustee the Reporting Person can exercise remove and replace powers.
- F5. Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary.
- F6. Represents shares held by a trust of which the Reporting Person is a trustee.
FAQ
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What insider transactions did MSM CEO Erik Gershwind report on 07/11/2025?
What is Gershwind’s total indirect ownership after the filing?
Were any open-market sales or purchases reported in this Form 4?
What does transaction code “G” signify in Form 4 filings?
When was the Form 4 for MSM insider activity signed and filed?
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