Insider Longhito sells 12,397 GLOBAL INDUSTRIAL Co (GIC) shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co insider Christopher Longhito executed and sold stock option shares in a series of March transactions. On March 27, 2026, he exercised Employee Stock Options for 2,927 shares at $28.99 and 1,984 shares at $23.65 per share, receiving Common Stock.
That same day, he completed multiple open-market sales of Common Stock, and additional sales occurred on March 26 and March 23, 2026. In total, the filing shows 12,397 shares sold, leaving him with 0 shares and no remaining derivative positions reported.
Positive
- None.
Negative
- None.
Insights
Insider exercised stock options, then sold all reported GLOBAL INDUSTRIAL Co shares.
The filing shows Christopher Longhito exercising 4,911 Employee Stock Option shares at strike prices of $28.99 and $23.65, then receiving Common Stock. These are routine option exercises converting derivative awards into regular shares.
Across several trades on March 23–27, 2026, he executed open-market sales totaling 12,397 shares of Common Stock at prices around $31 per share. The last reported transaction leaves 0 shares owned and no remaining derivative positions in the summary.
This pattern is a classic exercise-and-sell sequence with a full exit from the holdings visible in this filing. The transactions are personal portfolio decisions by an insider and, on their own, do not change GLOBAL INDUSTRIAL Co’s operations or capital structure.
Insider Trade Summary
Net Seller: 12,397 shares ($385,014)
Net Sell
11 txns
Insider
Longhito Christopher
Role
Insider
Sold
12,397 shs ($385K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 2,927 | $28.99 | $85K |
| Exercise | Employee Stock Option (right to buy) | 1,984 | $23.65 | $47K |
| Exercise | Common Stock | 2,927 | $28.99 | $85K |
| Sale | Common Stock | 2,927 | $31.00 | $91K |
| Exercise | Common Stock | 1,984 | $23.65 | $47K |
| Sale | Common Stock | 1,984 | $31.00 | $62K |
| Sale | Common Stock | 32 | $31.095 | $995.04 |
| Sale | Common Stock | 5,985 | $31.05 | $186K |
| Sale | Common Stock | 286 | $30.97 | $9K |
| Sale | Common Stock | 364 | $31.46 | $11K |
| Sale | Common Stock | 819 | $31.30 | $26K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 9,230 shares (Direct)
Footnotes (1)
- The Employee Stock Option (right to buy) granted on February 21, 2023 have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates of the grant date. The Employee Stock Option (right to buy) granted on February 10, 2020 have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates of the grant date.
Key Figures
Options exercised (shares): 4,911 shares
First option strike price: $28.99/share
Second option strike price: $23.65/share
+3 more
6 metrics
Options exercised (shares)
4,911 shares
Employee Stock Options exercised on March 27, 2026
First option strike price
$28.99/share
Exercise price for 2,927 Employee Stock Option shares
Second option strike price
$23.65/share
Exercise price for 1,984 Employee Stock Option shares
Total shares sold
12,397 shares
Open-market sales per transaction summary
Representative sale price
$31.05/share
Price for 5,985-share sale on March 27, 2026
Shares owned after final sale
0 shares
Total shares following last reported transaction
Key Terms
Employee Stock Option, right to buy, derivative security, open-market sale, +1 more
5 terms
Employee Stock Option financial
"The Employee Stock Option (right to buy) granted on February 21, 2023 have a four year vesting schedule"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
right to buy financial
"The Employee Stock Option (right to buy) granted on February 10, 2020 have a four year vesting schedule"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
vesting schedule financial
"have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
What did Christopher Longhito do in this GLOBAL INDUSTRIAL Co (GIC) Form 4/A?
He exercised Employee Stock Options to acquire Common Stock, then sold those and other shares in multiple open-market transactions. The filing shows option exercises followed by sales that fully eliminated his reported GLOBAL INDUSTRIAL Co share holdings.
What option exercises are disclosed for GLOBAL INDUSTRIAL Co (GIC) in this Form 4/A?
On March 27, 2026, he exercised Employee Stock Options for 2,927 underlying shares at $28.99 and 1,984 underlying shares at $23.65. These exercises converted derivative awards into Common Stock before subsequent open-market sales of those shares.
Over what dates did GLOBAL INDUSTRIAL Co insider stock sales occur in this Form 4/A?
The filing shows open-market sales of Common Stock on March 23, March 26, and March 27, 2026. These trades, combined with same-day option exercises on March 27, form an exercise-and-sell pattern ending with zero reported share ownership.