Tax withholding leads Global Industrial (NYSE: GIC) insider share surrender

Rhea-AI Filing Summary

GLOBAL INDUSTRIAL Co executive Lisa Armstrong, the SVP & Chief Marketing Officer, reported a tax-related share disposition. On March 2, 2026, she surrendered 821 shares of Common Stock at $32.98 per share to cover tax liabilities tied to the vesting of a time-based restricted stock unit award originally granted on February 25, 2025. After this tax-withholding disposition, she directly owned 21,680 shares of Global Industrial common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ARMSTRONG LISA

(Last) (First) (Middle)

C/O GLOBAL INDUSTRIAL COMPANY

11 HARBOR PARK DRIVE

(Street)

PORT WASHINGTON NY 11050

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GLOBAL INDUSTRIAL Co [ GIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Marketing Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		F		821(1)	D	$32.98	21,680	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 25, 2025.

Remarks:

	/s/ Lisa Armstrong by April Gruder as Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did GLOBAL INDUSTRIAL Co (GIC) report for Lisa Armstrong?

GLOBAL INDUSTRIAL Co reported that executive Lisa Armstrong surrendered 821 common shares to cover tax liabilities from a restricted stock unit vesting. The transaction used shares, not cash, for the tax payment and was recorded as a tax-withholding disposition.

How many GLOBAL INDUSTRIAL Co (GIC) shares were surrendered and at what price?

Lisa Armstrong surrendered 821 shares of GLOBAL INDUSTRIAL Co common stock at $32.98 per share. This disposition was specifically to pay tax liabilities related to a vesting restricted stock unit award granted on February 25, 2025.

What type of Form 4 transaction code was used in the GIC insider filing?

The transaction used code F, which indicates payment of an exercise price or tax liability by delivering securities. In this case, 821 shares were surrendered to satisfy tax obligations tied to the vesting of a time-based restricted stock unit award.

How many GLOBAL INDUSTRIAL Co (GIC) shares does Lisa Armstrong own after this transaction?

Following the tax-withholding disposition, Lisa Armstrong directly owned 21,680 shares of GLOBAL INDUSTRIAL Co common stock. This figure reflects her holdings immediately after surrendering 821 shares to cover tax associated with a restricted stock unit vesting.

Was the GIC insider transaction an open-market sale by Lisa Armstrong?

No, the transaction was not an open-market sale. The 821 shares were surrendered to satisfy tax liabilities on a vesting restricted stock unit award, consistent with Form 4 code F for payment of tax by delivering securities.

What award triggered the tax-withholding share surrender at GLOBAL INDUSTRIAL Co (GIC)?

The share surrender was incident to the vesting of a time-based restricted stock unit award originally granted on February 25, 2025. When that award vested, 821 shares were delivered to cover the resulting tax liability instead of using cash.