Global Industrial SVP covers taxes with 904 shares
GLOBAL INDUSTRIAL Co senior vice president and Chief Merchandising Officer Alex Tomey reported a routine tax-withholding transaction related to equity compensation.
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co senior vice president and Chief Merchandising Officer Alex Tomey reported a routine tax-withholding transaction related to equity compensation. On February 13, 904 shares of common stock were surrendered at $32.17 per share to cover taxes on a vesting performance-based restricted stock unit award originally granted on February 13, 2022. After this disposition, Tomey directly holds 28,263 shares of common stock.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 904 shares
Exercise Price or Tax Liability
1 txn
Insider
Tomey Alex
Role
SVP & Chief Merchandising Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 904 | $32.17 | $29K |
Holdings After Transaction:
Common Stock — 28,263 shares (Direct)
Footnotes (1)
- F1. Shares surrendered for payment of tax liability incident to vesting of a Performance-Based Restricted Stock Unit award originally granted on February 13, 2022.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GLOBAL INDUSTRIAL (GIC) executive Alex Tomey report?
Alex Tomey reported surrendering 904 GLOBAL INDUSTRIAL shares to cover tax obligations. The shares were withheld at $32.17 each when a performance-based restricted stock unit award, originally granted on February 13, 2022, vested, reflecting a routine compensation-related tax settlement.
Was Alex Tomey’s GLOBAL INDUSTRIAL (GIC) Form 4/A transaction an open-market sale?
No, the Form 4/A shows a tax-withholding disposition, not an open-market sale. Shares were surrendered to satisfy tax liability triggered by the vesting of a performance-based restricted stock unit award granted on February 13, 2022, as part of routine equity compensation.
What award triggered the tax-withholding disposition reported by Alex Tomey at GLOBAL INDUSTRIAL (GIC)?
The disposition was triggered by the vesting of a performance-based restricted stock unit award. That award was originally granted on February 13, 2022, and its vesting created a tax liability settled by surrendering 904 shares of GLOBAL INDUSTRIAL common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.