Global Industrial CFO surrenders 4,210 shares for tax
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co (GIC) reported an insider equity transaction by Thomas Eugene Clark, its SVP & Chief Financial Officer. On August 27, 2026, Clark had 4,210 shares of common stock disposed of under code F at $39.62 per share, representing shares surrendered to cover tax liability from the vesting of a time-based restricted stock unit award originally granted on August 27, 2024. After this tax-withholding transaction, Clark directly held 68,021 shares of GLOBAL INDUSTRIAL Co common stock.
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Insights
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Insider Trade Summary
Net Seller: 4,210 shares
Net Sell
1 txn
Insider
Clark Thomas Eugene
Role
SVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 4,210 | $39.62 | $167K |
Holdings After Transaction:
Common Stock — 68,021 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 (tax withholding): 4,210 shares of Common Stock
Transaction price per share: $39.62 per share
Shares owned after transaction: 68,021 shares of Common Stock
+1 more
4 metrics
Shares disposed (tax withholding)
4,210 shares of Common Stock
Code F transaction on August 27, 2026 for payment of tax liability
Transaction price per share
$39.62 per share
Valuation used for the 4,210-share tax-withholding disposition
Shares owned after transaction
68,021 shares of Common Stock
Direct holdings of Thomas Eugene Clark following the August 27, 2026 transaction
Original RSU grant date
August 27, 2024
Grant date of the time-based restricted stock unit award whose vesting triggered tax withholding
Key Terms
restricted stock unit, time-based, tax liability, transaction code F
4 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.
time-based financial
"vesting of a time-based restricted stock unit award originally"
tax liability financial
"Shares surrendered for payment of tax liability incident to vesting"
transaction code F regulatory
"transaction_code: "F" and description Payment of tax liability"
FAQ
What insider transaction did GLOBAL INDUSTRIAL Co (GIC) disclose for Thomas Eugene Clark?
GLOBAL INDUSTRIAL Co disclosed that Thomas Eugene Clark, SVP & CFO, had 4,210 shares of common stock disposed of on August 27, 2026, through a code F transaction related to tax withholding on vesting restricted stock units.
Was the GIC Form 4 transaction a market sale or tax withholding event?
The Form 4 transaction was a tax withholding event, not an open-market sale. The 4,210 shares were surrendered to pay tax liability associated with vesting of a time-based restricted stock unit award.
What award triggered the tax-withholding transaction reported for GIC’s CFO?
The tax-withholding transaction was incident to the vesting of a time-based restricted stock unit award originally granted to Thomas Eugene Clark on August 27, 2024.
AI-generated analysis. How Rhea-AI works. Not financial advice.