Global Industrial exec buys 376 shares in ESPP
Senior vice president Alex Tomey added 376 GLOBAL INDUSTRIAL Co shares through an ESPP purchase, increasing direct holdings to 24,781 shares.
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co (GIC) reported that officer Alex Tomey, SVP & Chief Merchandising Officer, acquired 376 shares of common stock on September 3, 2026 in an "other" transaction. A footnote states the shares were purchased under the ESPP at 85% of the March 3, 2026 closing price, at $33.20 per share, bringing direct holdings to 24,781 shares. No Rule 10b5-1 trading plan is reported.
Positive
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Negative
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Insider Trade Summary
Other: 376 shares
Other
1 txn
Insider
Tomey Alex
Role
SVP & Chief Merchandising Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 376 | $33.20 | $12K |
Holdings After Transaction:
Common Stock — 24,781 shares (Direct)
Footnotes (1)
- F1. In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on March 3, 2026.
Key Figures
Shares acquired: 376 shares
Purchase price per share: $33.20 per share
Transaction value: $12,483.20
+3 more
6 metrics
Shares acquired
376 shares
Common stock acquired by Alex Tomey on September 3, 2026
Purchase price per share
$33.20 per share
ESPP purchase price for the 376 shares
Transaction value
$12,483.20
376 shares acquired at $33.20 per share
Holdings after transaction
24,781 shares
Direct common stock holdings of Alex Tomey after the ESPP purchase
ESPP discount
85%
ESPP purchase based on 85% of March 3, 2026 closing price
Transaction code
Code J (Other acquisition or disposition)
Classifies the September 3, 2026 transaction on the Form 4
Key Terms
ESPP, Employee Stock Purchase Plan, Other acquisition or disposition
3 terms
ESPP financial
"In accordance with the ESPP, these shares were purchased based on 85%"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
Employee Stock Purchase Plan financial
"In accordance with the ESPP, these shares were purchased"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Other acquisition or disposition financial
"transaction code J described as Other acquisition or disposition"
FAQ
What insider transaction did GIC report for Alex Tomey?
GLOBAL INDUSTRIAL Co reported that Alex Tomey acquired 376 shares of common stock on September 3, 2026 in an "other" transaction, which a footnote explains was a purchase under the company’s Employee Stock Purchase Plan (ESPP).
Was the GIC insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 for GLOBAL INDUSTRIAL Co shows the Rule 10b5-1 checkbox as not affirmed, and there is no footnote stating that the September 3, 2026 transaction was made pursuant to a Rule 10b5-1 trading plan.
What does the ESPP footnote mean in the GIC Form 4?
The footnote explains that, under the ESPP, the reported 376 shares were purchased at a price equal to 85% of the closing price of GLOBAL INDUSTRIAL Co common stock on March 3, 2026, indicating an employee-discount purchase mechanism.
AI-generated analysis. How Rhea-AI works. Not financial advice.
