Global Industrial CMO surrenders 3,405 shares for tax
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co (GIC) reported an insider equity-related tax event for officer Lisa Armstrong, SVP & Chief Marketing Officer. On August 27, 2026, Armstrong had 3,405 shares of common stock disposed of at $39.62 per share to satisfy tax liabilities associated with the vesting of a time-based restricted stock unit award originally granted on August 27, 2024. Following this tax-withholding disposition, Armstrong beneficially held 18,275 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,405 shares
Net Sell
1 txn
Insider
ARMSTRONG LISA
Role
SVP & Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 3,405 | $39.62 | $135K |
Holdings After Transaction:
Common Stock — 18,275 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 surrendered for tax: 3,405 shares
Transaction price per share: $39.62 per share
Shares held after transaction: 18,275 shares
+3 more
6 metrics
Shares surrendered for tax
3,405 shares
Common stock surrendered on 2026-08-27 for tax liability on RSU vesting
Transaction price per share
$39.62 per share
Valuation used for the 3,405 surrendered shares in the tax-withholding transaction
Shares held after transaction
18,275 shares
Directly owned GLOBAL INDUSTRIAL Co common shares by Lisa Armstrong after the disposition
Transaction date
2026-08-27
Date of tax-withholding share disposition tied to RSU vesting
RSU original grant date
2024-08-27
Original grant date of time-based restricted stock unit award that vested
Shares for exercise price or tax liability
3,405 shares
ExercisePriceOrTaxLiabilityShares in transaction summary for code F event
Key Terms
time-based restricted stock unit, tax liability, beneficially held, Form 4
4 terms
time-based restricted stock unit financial
"vesting of a time-based restricted stock unit award originally granted"
tax liability financial
"Shares surrendered for payment of tax liability incident to vesting"
beneficially held financial
"Following this tax-withholding disposition, Armstrong beneficially held"
Form 4 regulatory
"GLOBAL INDUSTRIAL Co reported an insider equity-related tax event on 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.
FAQ
What insider transaction did GLOBAL INDUSTRIAL Co (GIC) report for Lisa Armstrong?
GLOBAL INDUSTRIAL Co reported that Lisa Armstrong had 3,405 common shares surrendered on August 27, 2026 to pay tax liability arising from vesting of a time-based RSU award. The Form 4 identifies this as a tax-withholding disposition, not an open-market purchase or sale.
Was the GIC insider transaction by Lisa Armstrong an open-market sale?
No. The Form 4 describes the transaction as shares surrendered for payment of tax liability upon vesting of a time-based RSU award, coded as an F transaction, rather than an open-market sale (code S).
Was the Lisa Armstrong GIC transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked (false), and the footnote describes the event as shares surrendered for tax liability on RSU vesting, not as trades under a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.