GLOBAL INDUSTRIAL CFO exercises options, sells shares
GLOBAL INDUSTRIAL Co senior vice president and chief financial officer Thomas Eugene Clark exercised 17,500 employee stock options at an exercise price of $6.02 per share, fully eliminating this option position.
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Form Type
4
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co senior vice president and chief financial officer Thomas Eugene Clark exercised 17,500 employee stock options at an exercise price of $6.02 per share, fully eliminating this option position. On the same date, he sold 17,500 common shares at a weighted average price of $39.1407 per share in multiple trades between $38.75 and $39.675. The exercised options were from a grant dated November 10, 2016 with a four-year vesting schedule of 25% annually.
Insider Trade Summary
Exercise and Sale: 17,500 shares ($580K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Clark Thomas Eugene
Role
SVP & Chief Financial Officer
Sold
17,500 shs ($685K)
Approx. gross sale proceeds
$685K
Approx. exercise cost
$105K
Approx. pre-tax spread
$580K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F2 | 17,500 | $6.02 | $105K |
| Exercise | Common Stock | 17,500 | $6.02 | $105K |
| Sale | Common Stock F1 | 17,500 | $39.1407 | $685K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 72,231 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $38.75 to $39.675, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F2. The Employee Stock Option (right to buy) granted on November 10, 2016 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: 17,500 shares
Option exercise price: $6.02 per share
Shares sold: 17,500 shares
+3 more
6 metrics
Options exercised
17,500 shares
Employee stock options exercised on 2026-08-06
Option exercise price
$6.02 per share
Conversion or exercise price of employee stock option
Shares sold
17,500 shares
Common stock sold on 2026-08-06
Weighted average sale price
$39.1407 per share
Shares sold in multiple transactions between $38.75 and $39.675
Option grant date
November 10, 2016
Employee stock option grant with four-year vesting schedule
Vesting schedule
25% annually over four years
Options vesting on first through fourth anniversaries of grant date
Key Terms
Employee Stock Option (right to buy), weighted average sale price, vesting schedule, derivative security
4 terms
Employee Stock Option (right to buy) financial
"Security title listed as Employee Stock Option (right to buy)."
weighted average sale price financial
"The price reported in Column 4 is a weighted average sale price."
vesting schedule financial
"granted on November 10, 2016 have a four year vesting schedule"
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.
derivative security financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GLOBAL INDUSTRIAL Co (GIC) CFO Thomas Eugene Clark report in this Form 4?
Thomas Eugene Clark reported exercising 17,500 stock options at $6.02 per share and selling 17,500 common shares at a weighted average price of $39.1407 on August 6, 2026.
How many GLOBAL INDUSTRIAL Co (GIC) options did the CFO exercise and at what price?
He exercised 17,500 employee stock options with an exercise price of $6.02 per share, converting them into an equal number of GLOBAL INDUSTRIAL Co common shares on August 6, 2026.
Were the GLOBAL INDUSTRIAL Co (GIC) CFO’s sales under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnotes do not indicate a trading plan, so the report does not characterize the trades as pre-planned.
What is the origin and vesting schedule of the GLOBAL INDUSTRIAL Co (GIC) options exercised?
The exercised options were from an November 10, 2016 grant with a four-year vesting schedule, vesting 25% on each of the first, second, third, and fourth anniversaries of the grant date.
Did the GLOBAL INDUSTRIAL Co (GIC) CFO retain any of the exercised option position?
For the reported employee stock option grant, the position shows 0 options remaining after exercising 17,500 options, indicating this particular option award was fully exercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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