Executive at Global Industrial (GIC) surrenders shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co senior vice president and chief sales officer Claudia Hughes reported a routine tax-related share disposition. On this Form 4/A, 236 shares of common stock were surrendered at $23.77 per share to cover tax liabilities tied to a performance-based restricted stock unit award originally granted on February 21, 2021. After this non-market transaction, she directly holds 39,965 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hughes Claudia
Role
SVP & Chief Sales Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 236 | $23.77 | $6K |
Holdings After Transaction:
Common Stock — 39,965 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GLOBAL INDUSTRIAL Co (GIC) report for Claudia Hughes?
GLOBAL INDUSTRIAL Co reported that executive Claudia Hughes surrendered 236 common shares for tax withholding. The shares were used to pay taxes related to a vested performance-based restricted stock unit award granted in February 2021, rather than an open-market sale.
Was the GLOBAL INDUSTRIAL Co (GIC) insider transaction an open-market sale?
The transaction was not an open-market sale. Hughes surrendered 236 shares as a tax-withholding disposition, meaning the shares were delivered to satisfy tax liabilities from a performance-based restricted stock unit vesting, rather than sold on the public market.