Global Industrial VP has 580 shares withheld for taxes
GLOBAL INDUSTRIAL Co (GIC) reported a Form 4 transaction for officer Thomas Axmacher, VP & Controller.
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co (GIC) reported a Form 4 transaction for officer Thomas Axmacher, VP & Controller. On August 27, 2026, 580 shares of common stock were disposed of at $39.62 per share to satisfy tax liability upon vesting of a time-based restricted stock unit award originally granted on August 27, 2024. After this withholding transaction, Axmacher directly holds 5,834 shares of GLOBAL INDUSTRIAL Co common stock.
Positive
- None.
Negative
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Insider Trade Summary
Tax Withholding: 580 shares
Tax Withholding
1 txn
Insider
AXMACHER THOMAS
Role
VP & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 580 | $39.62 | $23K |
Holdings After Transaction:
Common Stock — 5,834 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: 580 shares of Common Stock
Transaction price per share: $39.62 per share
Shares owned after transaction: 5,834 shares of Common Stock
+1 more
4 metrics
Shares disposed for tax withholding
580 shares of Common Stock
Code F transaction on August 27, 2026
Transaction price per share
$39.62 per share
Valuation used for the 580-share tax-withholding disposition
Shares owned after transaction
5,834 shares of Common Stock
Direct ownership by Thomas Axmacher following the August 27, 2026 transaction
RSU grant date
August 27, 2024
Original grant date of the time-based restricted stock unit award that vested
Key Terms
restricted stock unit, tax liability, time-based restricted stock unit award
3 terms
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.
tax liability financial
"Shares surrendered for payment of tax liability incident to vesting"
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 Thomas Axmacher on this Form 4?
GLOBAL INDUSTRIAL Co reported that Thomas Axmacher had 580 shares of common stock withheld on August 27, 2026 to pay tax liability related to the vesting of a time-based restricted stock unit award granted on August 27, 2024.
Was the GIC Form 4 transaction a market sale or tax withholding?
The Form 4 for GLOBAL INDUSTRIAL Co shows a Code F transaction, meaning shares were surrendered for payment of tax liability incident to RSU vesting, not an open-market sale.
What award triggered the GIC tax-withholding transaction for Thomas Axmacher?
The tax-withholding transaction relates to a time-based restricted stock unit award originally granted to Thomas Axmacher on August 27, 2024, which vested and triggered tax liability.
AI-generated analysis. How Rhea-AI works. Not financial advice.