Global Industrial (GIC) grants director $110K in restricted stock units
Rhea-AI Filing Summary
Michel Gary S reported acquisition or exercise transactions in this Form 4 filing.
GLOBAL INDUSTRIAL Co director Michel Gary S reported receiving a compensation-related stock grant rather than buying shares in the market. On the date of the 2026 Annual Meeting of Stockholders, he was awarded 3,677 restricted stock units (RSUs) under the company’s 2020 Omnibus Long-Term Incentive Plan.
The RSUs were calculated by dividing $110,000 by the closing share price averaged over the 20 trading days before the meeting, rounded up to a whole share. These units vest on the date of the company’s second annual meeting following the grant if he continues to serve as a director. After this grant, he directly holds 7,007 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Michel Gary S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,677 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,007 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
RSUs granted: 3,677 units
Grant amount basis: $110,000
Shares after grant: 7,007 shares
+1 more
4 metrics
RSUs granted
3,677 units
Restricted stock units granted on 2026 Annual Meeting date
Grant amount basis
$110,000
Dollar amount divided by 20-day average closing price
Shares after grant
7,007 shares
Total common shares directly held following transaction
Transaction price per share
$0.00
Compensation grant, not a market purchase
Key Terms
restricted stock units, 2020 Omnibus Long-Term Incentive Plan, Vesting Date
3 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")"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Michel Gary S receive in GLOBAL INDUSTRIAL Co (GIC) Form 4?
Michel Gary S reported receiving 3,677 restricted stock units as a stock-based compensation award. The grant was made under GLOBAL INDUSTRIAL Co’s 2020 Omnibus Long-Term Incentive Plan on the date of the 2026 Annual Meeting of Stockholders.
Is the GLOBAL INDUSTRIAL Co (GIC) Form 4 a market purchase or a stock grant?
The Form 4 reflects a stock grant, not a market purchase. Director Michel Gary S received 3,677 restricted stock units at no purchase price as part of his compensation, subject to future vesting conditions tied to board service.
How was the 3,677 restricted stock units grant for GLOBAL INDUSTRIAL Co (GIC) calculated?
The 3,677 restricted stock units were determined by dividing $110,000 by the closing share price averaged over the 20 trading days before the 2026 Annual Meeting, then rounding up to the nearest whole share, as described in the footnotes.
When do the restricted stock units granted to the GLOBAL INDUSTRIAL Co (GIC) director vest?
The restricted stock units vest on the date of GLOBAL INDUSTRIAL Co’s second annual meeting following the grant. Vesting requires that Michel Gary S continue serving as a director through and on that vesting date, according to the disclosure.