Global Industrial (GIC) VP uses 94 shares to cover tax on RSU award

Rhea-AI Filing Summary

GLOBAL INDUSTRIAL Co executive Thomas Axmacher, VP & Controller, reported a small, routine share disposition related to taxes. On February 28, 2025, he surrendered 94 shares of common stock at $23.77 per share to cover tax liabilities upon delivery of a performance-based restricted stock unit award originally granted on February 21, 2021. Following this tax-withholding transaction, he directly holds 7,987 shares of Global Industrial common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider AXMACHER THOMAS

Role VP & Controller

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	94	$23.77	$2K

Holdings After Transaction: Common Stock — 7,987 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

AXMACHER THOMAS

(Last) (First) (Middle)

C/O GLOBAL INDUSTRIAL COMPANY

11 HARBOR PARK DRIVE

(Street)

PORT WASHINGTON NEW YORK 11050

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GLOBAL INDUSTRIAL Co [ GIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/04/2025

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/28/2025		F		94(1)	D	$23.77	7,987	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares surrendered for payment of tax liability incident to delivery of a Performance-Based Restricted Stock Unit award originally granted on February 21, 2021.

Remarks:

This Form 4/A amends the Form 4 filed on March 4, 2025 to correct the number of shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of Performance-Based Restricted Stock Units, as well as the resulting total number of shares beneficially owned following the reported transactions. The original filing incorrectly reported 176 shares withheld. The correct number of shares withheld was 94 shares, and the number of shares beneficially owned by the reporting person has been revised accordingly. No other information has changed.

	/s/ Thomas Axmacher by April Gruder as Attorney-in-Fact	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GIC executive Thomas Axmacher report?

Thomas Axmacher reported a tax-related share disposition of 94 Global Industrial Co common shares. The shares were surrendered to satisfy tax liabilities tied to a performance-based restricted stock unit award delivered on February 28, 2025, rather than sold on the open market.

Was the GIC Form 4/A transaction an open-market sale of shares?

No, the Form 4/A reports a tax-withholding disposition, not an open-market sale. Axmacher surrendered 94 shares to cover tax obligations arising from delivery of a performance-based restricted stock unit award originally granted on February 21, 2021.

How many GIC shares did Thomas Axmacher dispose of for tax withholding?

He disposed of 94 Global Industrial Co common shares for tax withholding. The shares were valued at $23.77 each and were surrendered to satisfy tax liabilities associated with the vesting and delivery of a performance-based restricted stock unit award.

How many GIC shares does Thomas Axmacher hold after this Form 4/A event?

After the reported tax-withholding disposition, Axmacher directly holds 7,987 shares of Global Industrial Co common stock. This figure reflects his position immediately following surrender of 94 shares for tax liabilities related to the performance-based restricted stock unit award.

What award triggered the tax-withholding share disposition at GIC?

The disposition was triggered by delivery of a performance-based restricted stock unit award granted on February 21, 2021. When the award delivered on February 28, 2025, 94 shares of Global Industrial Co common stock were surrendered to pay the related tax liability.

Does the GIC Form 4/A show any option exercises or derivative transactions?

No, the filing reflects only a non-derivative tax-withholding disposition of 94 common shares. The derivative transaction summary shows no option exercises or other derivative-related activity, emphasizing this is a routine tax payment event rather than a trading decision.