MSC INDUSTRIAL DIRECT CO INC — Form 10-K
Filed October 22, 2026 · analyzed by the Periodic Agent
10-K
— Neutral
significance 22/100
What the filing says
MSC hired Walter Siegel as Senior Vice President, General Counsel & Corporate Secretary effective July 20, 2026, with base salary $480,000, 60% bonus target, $400K annual equity target (50% PSUs/50% RSUs), $100K sign-on bonus (1-year claw-back), and $250K sign-on equity grant. Filing also discloses standard form agreements for Performance Share Units (FY27–29 tranches, Adjusted Operating Margin criteria, 0–200% payout, 3-year cliff vesting), Non-Qualified Stock Options (4-year vest, 25% annual), and RSUs under the 2023 Omnibus Incentive Plan.
Why this rating
Senior hire with $480K salary and $750K total comp, routine for $3.7B company. No material M&A, strategic shift, or unusual risk disclosed. Boilerplate equity plan forms.
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