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Global Industrial (NYSE: GIC) awards $110K in RSUs to director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 LINDBLOOM CHAD
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,677 $0.00 --
Holdings After Transaction: Common Stock — 16,847 shares (Direct, null)
Footnotes (1)
  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).
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
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)"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
LINDBLOOM CHAD
(Last)(First)(Middle)
C/O GLOBAL INDUSTRIAL COMPANY
11 HARBOR PARK DRIVE
(Street)
PORT WASHINGTON NEW YORK 11050
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GLOBAL INDUSTRIAL Co [ GIC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock(1)06/01/2026A3,677(2)A$016,847D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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).
Remarks:
/s/ Chad M. Lindbloom by April Gruder as Attorney-in-Fact06/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.

What is Chad Lindbloom’s Global Industrial Co (GIC) share ownership after this RSU grant?

After the reported grant, Lindbloom’s direct ownership stands at 16,847 shares of Global Industrial Co Common Stock. This figure includes the newly awarded restricted stock units, which were granted at no cash cost and are subject to service-based vesting tied to future annual meetings.