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Global Industrial (GIC) SVP records share surrenders for RSU tax liabilities

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GLOBAL INDUSTRIAL Co executive Manoj Shetty reported three tax-withholding share dispositions related to restricted stock unit vesting. On common stock valued at $32.98 per share, he surrendered blocks of 255, 208 and 764 shares to cover tax liabilities for awards originally granted on February 21, 2023, February 28, 2024 and February 25, 2025. After these transactions, he directly holds 37,747 shares of Global Industrial common stock.

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Insider Shetty Manoj
Role SVP & Chief Information Ofc.
Type Security Shares Price Value
Tax Withholding Common Stock 255 $32.98 $8K
Tax Withholding Common Stock 208 $32.98 $7K
Tax Withholding Common Stock 764 $32.98 $25K
Holdings After Transaction: Common Stock — 38,719 shares (Direct)
Footnotes (1)
  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.
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Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Shetty Manoj
(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 Information Ofc.
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 255(1) D $32.98 38,719 D
Common Stock 03/02/2026 F 208(2) D $32.98 38,511 D
Common Stock 03/02/2026 F 764(3) D $32.98 37,747 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 21, 2023.
2. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 28, 2024.
3. 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/ Manoj Shetty 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Manoj Shetty report on his Form 4 for GLOBAL INDUSTRIAL Co (GIC)?

Manoj Shetty reported three dispositions of Global Industrial common stock to satisfy tax liabilities on vested restricted stock units. These were coded as tax-withholding transactions rather than open-market sales and left him with direct ownership of 37,747 common shares.

How many GLOBAL INDUSTRIAL Co (GIC) shares did Manoj Shetty surrender for taxes?

He surrendered three blocks of Global Industrial common stock: 255 shares, 208 shares and 764 shares, each at $32.98 per share. These transactions were used to pay tax liabilities tied to vesting restricted stock unit awards granted in 2023, 2024 and 2025.

Why were Manoj Shetty’s GLOBAL INDUSTRIAL Co (GIC) shares disposed of in the Form 4?

The shares were surrendered to pay tax liabilities resulting from the vesting of time-based restricted stock unit awards. Footnotes explain that each block of shares was used for tax payments tied to specific RSU grants made in 2023, 2024 and 2025, not discretionary sales.

How many GLOBAL INDUSTRIAL Co (GIC) shares does Manoj Shetty own after these transactions?

After the reported tax-withholding dispositions, Manoj Shetty directly owns 37,747 shares of Global Industrial common stock. This figure reflects his remaining direct holdings following the final transaction coded as a tax-liability payment using already-awarded equity.

What do the Form 4 footnotes reveal about Manoj Shetty’s GLOBAL INDUSTRIAL Co (GIC) transactions?

The footnotes state that each share block was surrendered to cover tax liabilities upon vesting of time-based restricted stock units. They tie the dispositions to RSU awards originally granted on February 21, 2023, February 28, 2024 and February 25, 2025, clarifying the non-open-market nature.