Global Industrial (NYSE: GIC) awards $110K in RSUs to director
Rhea-AI Filing Summary
LINDBLOOM CHAD reported acquisition or exercise transactions in this Form 4 filing.
GLOBAL INDUSTRIAL Co director Chad Lindbloom reported an equity grant of 3,677 shares of Common Stock in the form of restricted stock units. The award was made on June 1, 2026 under the company’s 2020 Omnibus Long-Term Incentive Plan at no cash cost to him.
The number of units was based on $110,000 divided by the closing share price over the 20 trading days before the 2026 annual meeting, rounded up. These units vest on the date of the company’s second annual meeting after the grant, if he continues serving as a director, bringing his reported direct holdings to 16,847 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LINDBLOOM CHAD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,677 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,847 shares (Direct)
Footnotes (1)
- On June 1, 2026 (the date of the Issuer's 2026 Annual Meeting of Stockholders), the reporting person was granted 3,677 restricted stock units pursuant to the Issuer's 2020 Omnibus Long-Term Incentive Plan. Such units vest on the date of the Issuer's second annual meeting following such grant (the "Vesting Date"); provided that the reporting person continues to be a director of the Issuer through and on the Vesting Date. The number of restricted stock units was determined by dividing $110,000 by the closing price per share during the 20 trading days preceding the date of the Issuer's 2026 Annual Meeting of Stockholders (rounded up to the nearest whole number of shares).
Key Figures
RSU grant: 3,677 restricted stock units
Grant value basis: $110,000
Holdings after grant: 16,847 shares
3 metrics
RSU grant
3,677 restricted stock units
Director award on June 1, 2026
Grant value basis
$110,000
Divided by 20-day closing price to set RSU count
Holdings after grant
16,847 shares
Total direct Common Stock reported following transaction
Key Terms
restricted stock units, 2020 Omnibus Long-Term Incentive Plan, Vesting Date, Annual Meeting of Stockholders
4 terms
restricted stock units financial
"the reporting person was granted 3,677 restricted stock units pursuant to the Issuer's 2020 Omnibus Long-Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Omnibus Long-Term Incentive Plan financial
"granted 3,677 restricted stock units pursuant to the Issuer's 2020 Omnibus Long-Term Incentive Plan"
Vesting Date financial
"Such units vest on the date of the Issuer's second annual meeting following such grant (the "Vesting Date")"
Annual Meeting of Stockholders financial
"On June 1, 2026 (the date of the Issuer's 2026 Annual Meeting of Stockholders)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Global Industrial Co (GIC) director Chad Lindbloom report on this Form 4?
Chad Lindbloom reported receiving 3,677 restricted stock units of Global Industrial Co Common Stock as a director equity award. The grant occurred on June 1, 2026 under the company’s 2020 Omnibus Long-Term Incentive Plan and increased his direct holdings to 16,847 shares.
How was Chad Lindbloom’s 3,677 RSU award from Global Industrial Co (GIC) calculated?
The 3,677 restricted stock units were determined by dividing $110,000 by the closing share price during the 20 trading days before the 2026 annual meeting. The result was then rounded up to the nearest whole share, setting the size of the director’s equity grant.
When do Chad Lindbloom’s Global Industrial Co (GIC) restricted stock units vest?
The restricted stock units vest on the date of Global Industrial Co’s second annual meeting of stockholders following the June 1, 2026 grant. Vesting is conditioned on Lindbloom continuing to serve as a director through and on that future annual meeting date.
Is Chad Lindbloom’s Global Industrial Co (GIC) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 3,677 restricted stock units, not an open-market purchase or sale. The transaction was coded as an “A” award, meaning the shares were granted as compensation with a zero dollar per-share transaction price and vesting conditions attached.