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GLOBAL INDUSTRIAL Co (GIC) CFO surrenders shares to cover RSU tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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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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*
Clark Thomas Eugene

(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 Financial 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 Stock02/28/2025F471(1)D$23.7769,833D
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 482 shares withheld. The correct number of shares withheld was 471 shares, and the number of shares beneficially owned by the reporting person has been revised accordingly. No other information has changed.
/s/ Thomas Eugene Clark 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 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.

How many GLOBAL INDUSTRIAL Co (GIC) shares does CFO Thomas Eugene Clark hold after this transaction?

After the tax-withholding disposition of 471 shares, Thomas Eugene Clark directly holds 69,833 shares of GLOBAL INDUSTRIAL Co common stock. This indicates that only a small portion of his total reported holdings was used to cover the related tax obligation.

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.