Global Industrial Co (GIC) SVP logs tax share disposals and ESPP buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Longhito Christopher reported disposition transactions in this Form 4 filing.
GLOBAL INDUSTRIAL Co SVP & Chief Supply Chain Officer Christopher Longhito reported routine share movements tied to equity compensation and an employee purchase plan. On March 2, 2026, he surrendered 164, 140, and 516 shares of common stock at $32.98 per share to cover tax liabilities from vesting time-based restricted stock unit awards granted in February 2023, February 2024, and February 2025. He also acquired 96 shares through the company’s Employee Stock Purchase Plan at $19.7795 per share, a price based on 85% of the March 3, 2025 closing price. Following these transactions, he directly held 21,478 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Longhito Christopher
Role
SVP & Chief Supply Chain Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 164 | $32.98 | $5K |
| Tax Withholding | Common Stock | 140 | $32.98 | $5K |
| Tax Withholding | Common Stock | 516 | $32.98 | $17K |
| Other | Common Stock | 96 | $19.7795 | $2K |
Holdings After Transaction:
Common Stock — 22,038 shares (Direct)
Footnotes (1)
- Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 21, 2023. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 28, 2024. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 25, 2025. The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Global Industrial Company (f/k/a Systemax Inc.) Employee Stock Purchase Plan ("ESPP") on March 2, 2026. This transaction is exempt under Rule 16b-3(c). 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, 2025.
FAQ
What did GLOBAL INDUSTRIAL Co (GIC) insider Christopher Longhito report on this Form 4?
Christopher Longhito reported equity-related share movements, mainly shares surrendered for tax withholding and a small acquisition through the Employee Stock Purchase Plan, reflecting routine compensation activity rather than open-market trading in GLOBAL INDUSTRIAL Co common stock.
What is the nature of the Form 4 code F transactions for GIC?
The Form 4 code F transactions are tax-withholding dispositions. Shares were delivered back to GLOBAL INDUSTRIAL Co to satisfy tax liabilities created when previously granted time-based restricted stock units vested, rather than being discretionary market sales.
Do these GLOBAL INDUSTRIAL Co Form 4 transactions indicate open-market buying or selling?
The transactions do not indicate open-market trading. Most shares were surrendered to cover tax liabilities from vesting restricted stock units, and the remaining shares were acquired through the company’s Employee Stock Purchase Plan under pre-established plan terms.