MSM: CEO RSUs (4,920 & 5,511) vest; taxes via $86.42 withholding
Rhea-AI Filing Summary
MSC Industrial Direct (MSM) CEO and Director Erik Gershwind reported equity award activity on 11/04/2025. Restricted stock units converted to Class A Common Stock included 4,920 RSUs and 5,511 RSUs (both at $0, per plan). Dividend equivalent units also converted, totaling 586.56 shares and 230.975 shares.
To cover tax withholding from the vesting, the issuer withheld and disposed of 2,811.56 shares and 2,931.975 shares at $86.42 per share (Code F). Following the transactions, Gershwind reported 1,567,189 shares held directly. He also reported indirect holdings of 44,513, 354,963, 61,027, and 102,435 shares through various trusts as described in the footnotes.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; neutral impact.
The filing reflects standard equity compensation mechanics: RSUs and dividend equivalent units vested and were settled into Class A shares at $0 exercise price, consistent with plan terms. The issuer withheld shares to satisfy tax obligations at $86.42 per share.
Post-transaction direct ownership is stated as 1,567,189 shares, with additional indirect holdings via trusts noted in the footnotes. This is administrative and does not signal a discretionary open‑market sale.
Future vesting schedules are outlined for grants from November 2022 and November 2024; any changes would appear in subsequent filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 4,920 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 586.56 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) | 5,511 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 230.975 | $0.00 | -- |
| Exercise | Class A Common Stock, $0.001 par value | 4,920 | $0.00 | -- |
| Exercise | Class A Common Stock, $0.001 par value | 586.56 | $0.00 | -- |
| Tax Withholding | Class A Common Stock, $0.001 par value | 2,811.56 | $86.42 | $243K |
| Exercise | Class A Common Stock, $0.001 par value | 5,511 | $0.00 | -- |
| Exercise | Class A Common Stock, $0.001 par value | 230.975 | $0.00 | -- |
| Tax Withholding | Class A Common Stock, $0.001 par value | 2,931.975 | $86.42 | $253K |
| 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 | -- | -- | -- |
| holding | Class A Common Stock, $0.001 par value | -- | -- | -- |
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. Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the sole annuitant and trustee. Represents shares held by trusts over whose trustee the Reporting Person can exercise remove and replace powers. Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary. Represents shares held by a Trust of which the Reporting Person is a trustee. 19,680 RSUs were granted on November 4, 2022. 4,920 RSUs vested on each of November 4, 2023, November 4, 2024 and November 4, 2025. 4,920 RSUs vest on November 4, 2026, provided that the Reporting Person remains continuously employed by the Issuer or provides continued service as a Director of the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting. 22,044 RSUs were granted on November 4, 2024. 5,511 RSUs vested on November 4, 2025. 5,111 RSUs vest on each of November 4, 2026, November 4, 2027 and November 4, 2028, provided that the Reporting Person remains continuously employed by the Issuer or provides continued service as a Director of the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
