GLOBAL INDUSTRIAL Co (GIC) CFO surrenders shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co Senior Vice President and Chief Financial Officer Thomas Eugene Clark reported a small tax-related share disposition. On the delivery of a performance-based restricted stock unit award originally granted on February 21, 2021, he surrendered 471 shares of common stock to cover tax liabilities. After this withholding transaction, he directly held 69,833 shares of GLOBAL INDUSTRIAL Co common stock, indicating his overall ownership position remains largely unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clark Thomas Eugene
Role
SVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 471 | $23.77 | $11K |
Holdings After Transaction:
Common Stock — 69,833 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GLOBAL INDUSTRIAL Co (GIC) report for Thomas Eugene Clark?
GLOBAL INDUSTRIAL Co reported that CFO Thomas Eugene Clark surrendered 471 shares of common stock. The disposition covered tax liabilities tied to a performance-based restricted stock unit award originally granted on February 21, 2021, rather than being an open-market share sale.
Was the GLOBAL INDUSTRIAL Co (GIC) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 471 shares were surrendered to satisfy tax liabilities associated with the delivery of a performance-based restricted stock unit award, a routine mechanism rather than a discretionary sale into the market.
What was the price used for the tax-withholding disposition in the GLOBAL INDUSTRIAL Co (GIC) filing?
The Form 4/A shows the 471 surrendered shares valued at $23.77 per share. This price is used for calculating the tax-withholding value related to the performance-based restricted stock unit award delivered to CFO Thomas Eugene Clark.