MSC Industrial (NYSE: MSM) director moves 13,960 shares into jointly owned LLC
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MSC Industrial Direct director Steven Paladino reported a reclassification of his MSC shares between direct and indirect ownership. On February 5, 2026, 13,960 shares of Class A common stock were transferred at a reported price of $0 per share. After this transfer, he held 1,568 shares directly and 13,960 shares indirectly.
The filing explains that the indirect holdings represent shares held in an LLC jointly owned by Paladino and his spouse, meaning the 13,960 shares are now attributed to that jointly owned LLC rather than to him individually as a direct holder.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,920 shares gifted
Mixed
2 txns
Insider
PALADINO STEVEN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock, $0.001 par value | 13,960 | $0.00 | -- |
| Gift | Class A Common Stock, $0.001 par value | 13,960 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, $0.001 par value — 1,568 shares (Direct);
Class A Common Stock, $0.001 par value — 13,960 shares (Indirect, See footnote)
Footnotes (1)
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FAQ
What insider transaction did MSC Industrial (MSM) director Steven Paladino report?
Steven Paladino reported transferring 13,960 MSC Industrial Class A shares on February 5, 2026. The shares moved from direct ownership to indirect ownership through an LLC jointly owned with his spouse, with no price per share reported in the filing.
What does indirect ownership mean in Steven Paladino’s MSC (MSM) Form 4 filing?
Indirect ownership in this filing refers to 13,960 MSC Industrial Class A shares held by an LLC jointly owned by Steven Paladino and his spouse. The shares are reported as indirectly owned because the LLC, rather than Paladino personally, is the direct holder of record.