STOCK TITAN

Executive at Global Industrial (GIC) surrenders shares to cover taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  1. [object Object]
SEC Form 4
FORM 4UNITED 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*
Hughes Claudia

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP & Chief Sales Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
02/28/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock02/28/2025F236(1)D$23.7739,965D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 808 shares withheld. The correct number of shares withheld was 236 shares, and the number of shares beneficially owned by the reporting person has been revised accordingly. No other information has changed.
/s/ Claudia Hughes by April Gruder as Attorney-in-Fact03/25/2026
** Signature of Reporting PersonDate
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 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.

How many GLOBAL INDUSTRIAL Co (GIC) shares does Claudia Hughes hold after this filing?

After the reported tax-withholding disposition, Claudia Hughes directly holds 39,965 shares of GLOBAL INDUSTRIAL Co common stock. This reflects her remaining direct ownership following the surrender of 236 shares to cover taxes on a vested stock unit award.

What is the price per share used in the GLOBAL INDUSTRIAL Co (GIC) tax-withholding transaction?

The tax-withholding disposition used a share value of $23.77 per common share. This price was applied to the 236 shares surrendered to cover the tax liability associated with the vesting of a performance-based restricted stock unit award granted in February 2021.

What award triggered the GLOBAL INDUSTRIAL Co (GIC) tax share surrender?

The share surrender was triggered by delivery of a performance-based restricted stock unit award originally granted on February 21, 2021. When the award vested and shares were delivered, 236 shares were surrendered to satisfy the related tax liability, as disclosed in the filing footnote.