Global Industrial exec withholds 3,362 shares for tax
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co (GIC) reported an insider transaction by Alex Tomey, SVP & Chief Merchandising Officer. On August 27, 2026, Tomey had 3,362 shares of common stock withheld at $39.62 per share to pay tax liability arising from the vesting of a time-based restricted stock unit award originally granted on August 27, 2024. After this tax-withholding disposition, Tomey directly holds 24,405 shares of GLOBAL INDUSTRIAL Co common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,362 shares
Net Sell
1 txn
Insider
Tomey Alex
Role
SVP & Chief Merchandising Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 3,362 | $39.62 | $133K |
Holdings After Transaction:
Common Stock — 24,405 shares (Direct)
Footnotes (1)
- F1. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on August 27, 2024.
Key Figures
Shares disposed for tax withholding: 3,362 shares
Transaction price per share: $39.62 per share
Shares owned after transaction: 24,405 shares
+1 more
4 metrics
Shares disposed for tax withholding
3,362 shares
Common Stock withheld on August 27, 2026 for payment of tax liability
Transaction price per share
$39.62 per share
Valuation used for tax-withholding disposition on August 27, 2026
Shares owned after transaction
24,405 shares
Common Stock directly owned by Alex Tomey following the August 27, 2026 tax-withholding transaction
RSU original grant date
August 27, 2024
Time-based restricted stock unit award whose vesting triggered the tax-withholding disposition
Key Terms
Form 4, restricted stock unit, payment of tax liability, time-based restricted stock unit award
4 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
restricted stock unit financial
"vesting of a time-based restricted stock unit award originally granted"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
payment of tax liability financial
"Payment of tax liability by delivering or withholding securities"
time-based restricted stock unit award financial
"vesting of a time-based restricted stock unit award originally granted"
FAQ
What insider transaction did GIC report for Alex Tomey?
GLOBAL INDUSTRIAL Co reported that Alex Tomey had 3,362 shares of common stock withheld on August 27, 2026 to pay tax liability related to a vesting restricted stock unit award, leaving him with 24,405 shares owned directly.
Was the GIC insider transaction a market sale or tax withholding?
The transaction was tax withholding. The filing describes it as payment of tax liability by delivering or withholding securities in connection with the vesting of a time-based restricted stock unit award, not an open-market sale.
Did Alex Tomey execute this GIC transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed (set to false), and the transaction is characterized as payment of tax liability via withheld shares rather than a trading-plan sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.