Director at GLOBAL INDUSTRIAL (NYSE: GIC) awarded 3,677 restricted stock units
Rhea-AI Filing Summary
Pearlman Paul S reported acquisition or exercise transactions in this Form 4 filing.
GLOBAL INDUSTRIAL Co director Paul S. Pearlman received an equity compensation award rather than making an open-market trade. On June 1, 2026, he was granted 3,677 restricted stock units under the company’s 2020 Omnibus Long-Term Incentive Plan, tied to continued board service.
The units vest on the date of the issuer’s second annual meeting following the grant, provided he remains a director through that vesting date. The number of units was calculated by dividing $110,000 by the closing share price averaged over the 20 trading days before the 2026 annual meeting, rounded up to the nearest whole share. After this grant, he directly holds 17,275 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pearlman Paul S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,677 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,275 shares (Direct)
Footnotes (1)
- On June 1, 2026 (the date of the Issuer's 2026 Annual Meeting of Stockholders), the reporting person was granted 3,677 restricted stock units pursuant to the Issuer's 2020 Omnibus Long-Term Incentive Plan. Such units vest on the date of the Issuer's second annual meeting following such grant (the "Vesting Date"); provided that the reporting person continues to be a director of the Issuer through and on the Vesting Date. The number of restricted stock units was determined by dividing $110,000 by the closing price per share during the 20 trading days preceding the date of the Issuer's 2026 Annual Meeting of Stockholders (rounded up to the nearest whole number of shares).
Key Figures
Restricted stock units granted: 3,677 units
Award value basis: $110,000
Shares held after grant: 17,275 shares
3 metrics
Restricted stock units granted
3,677 units
Grant on June 1, 2026 under 2020 Omnibus Long-Term Incentive Plan
Award value basis
$110,000
Divided by 20-day pre-meeting average closing price to set RSUs
Shares held after grant
17,275 shares
Total direct common stock holdings following the RSU award
Key Terms
restricted stock units, 2020 Omnibus Long-Term Incentive Plan, Vesting Date
3 terms
restricted stock units financial
"the reporting person was granted 3,677 restricted stock units pursuant to the Issuer's 2020 Omnibus Long-Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Omnibus Long-Term Incentive Plan financial
"granted 3,677 restricted stock units pursuant to the Issuer's 2020 Omnibus Long-Term Incentive Plan"
Vesting Date financial
"Such units vest on the date of the Issuer's second annual meeting following such grant (the "Vesting Date")"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GLOBAL INDUSTRIAL Co (GIC) disclose for Paul S. Pearlman?
GLOBAL INDUSTRIAL Co reported that director Paul S. Pearlman received a grant of 3,677 restricted stock units on June 1, 2026. This was an equity compensation award, not an open-market stock purchase or sale, and increased his direct common stock holdings to 17,275 shares.
How was the 3,677 restricted stock unit grant for GLOBAL INDUSTRIAL Co (GIC) director calculated?
The 3,677 restricted stock units were determined by dividing $110,000 by the closing share price averaged over the 20 trading days before the 2026 annual meeting. The result was rounded up to the nearest whole share to set the final award size.
When do Paul S. Pearlman’s restricted stock units from GLOBAL INDUSTRIAL Co (GIC) vest?
The restricted stock units granted on June 1, 2026 vest on the date of GLOBAL INDUSTRIAL Co’s second annual meeting following the grant. Vesting requires that Paul S. Pearlman continue serving as a director through and on that specified vesting date.
Was the GLOBAL INDUSTRIAL Co (GIC) Form 4 transaction a stock purchase or sale?
No, the Form 4 shows a grant classified as a grant, award, or other acquisition, not a market trade. Paul S. Pearlman received 3,677 restricted stock units as director compensation, with no purchase price per share reported and no shares sold in this filing.