Global Industrial (GIC) SVP logs tax surrenders and ESPP share acquisition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tomey Alex reported disposition transactions in this Form 4 filing.
GLOBAL INDUSTRIAL Co senior vice president and chief merchandising officer Alex Tomey reported routine equity compensation-related transactions in the company’s common stock. On March 2, 2026, he surrendered 214, 175, and 644 shares at $32.98 per share to cover tax liabilities tied to vesting restricted stock units originally granted in February 2023, February 2024, and February 2025.
He also reported an other transaction involving 537 shares at a price of $19.7795, reflecting an acquisition of common stock through the company’s Employee Stock Purchase Plan at 85% of the March 3, 2025 closing price, which is exempt under Rule 16b-3(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Tomey Alex
Role
SVP & Chief Merchandising Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 214 | $32.98 | $7K |
| Tax Withholding | Common Stock | 175 | $32.98 | $6K |
| Tax Withholding | Common Stock | 644 | $32.98 | $21K |
| Other | Common Stock | 537 | $19.7795 | $11K |
Holdings After Transaction:
Common Stock — 28,411 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 insider transactions did GIC executive Alex Tomey report on this Form 4?
Alex Tomey reported routine equity events in GLOBAL INDUSTRIAL Co (GIC) stock. He surrendered shares to cover tax liabilities from vesting restricted stock units and reported an additional acquisition of 537 shares through the company’s Employee Stock Purchase Plan on March 2, 2026.
Were Alex Tomey’s GLOBAL INDUSTRIAL Co (GIC) transactions open-market sales?
The transactions were not open-market sales. Tomey surrendered shares to pay tax liabilities upon vesting of restricted stock units and reported an ESPP acquisition. These events relate to compensation and employee stock purchase arrangements, not discretionary buying or selling on the open market.
Is Alex Tomey’s ESPP transaction in GIC exempt under Rule 16b-3?
Yes. The filing states that the 537-share acquisition of GLOBAL INDUSTRIAL Co common stock under the Employee Stock Purchase Plan on March 2, 2026 is exempt under Rule 16b-3(c), which typically applies to certain employee benefit and compensation-related transactions.
What is Alex Tomey’s role at GLOBAL INDUSTRIAL Co (GIC)?
Alex Tomey is identified as an officer of GLOBAL INDUSTRIAL Co, serving as SVP & Chief Merchandising Officer. His Form 4 filing reports equity compensation-related share surrenders for taxes and an Employee Stock Purchase Plan acquisition in the company’s common stock.