Global Industrial (GIC) CFO Reports RSU Tax-Surrender of 4,210 Shares

Rhea-AI Filing Summary

Thomas Eugene Clark, SVP & Chief Financial Officer of Global Industrial Company (GIC), reported a transaction on 08/27/2025 in which 4,210 shares of Common Stock were disposed of at a price of $37.77 per share. The filing explains these shares were surrendered to cover tax liability arising from the vesting of time‑based restricted stock units originally granted on 08/27/2024. After this transaction, Mr. Clark beneficially owns 65,740 shares, held directly. The Form 4 was signed on 08/28/2025 by an attorney‑in‑fact.

Positive

• Clear disclosure that the 4,210-share disposition was to satisfy tax liability on vested RSUs
• Reporting person retains a material direct holding of 65,740 shares after the transaction

Negative

• Disposition of 4,210 shares at $37.77 per share reduced the insider's direct holdings
• Form does not provide total outstanding shares, so change in ownership percentage cannot be calculated from this filing

Insights

Financial Analyst

TL;DR: Insider sold 4,210 shares to satisfy tax obligations; remaining direct stake is 65,740 shares, a routine RSU tax-surrender transaction.

The reported disposition is explicitly described as shares surrendered to pay taxes on vested time-based restricted stock units from an award dated 08/27/2024. The sale price of $37.77 and the exact share count (4,210) are disclosed, allowing clear calculation of proceeds before tax (4,210 x $37.77). This is a non-derivative, routine liquidity action tied to compensation vesting rather than an open-market voluntary sale for other purposes. Impact to ownership percentage is determinable only with total outstanding shares, which is not provided in this filing.

Corporate Governance Expert

TL;DR: Transaction aligns with standard tax-withholding practice on RSU vesting; no governance red flags in the filing.

The Form 4 clearly states the nature of the transfer as a tax-related surrender of vested RSUs, indicating an administrative disposition rather than a discretionary divestiture. The reporting person remains a named officer (SVP & CFO) and retains direct ownership of 65,740 shares after the transaction. The filing was executed by an attorney-in-fact and properly dated. There is no indication of related-party transactions, 10% ownership status, or other governance anomalies disclosed in this form.

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

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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^*

Clark Thomas Eugene

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		F		4,210(1)	D	$37.77	65,740	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 August 27, 2024.

Remarks:

	/s/ Thomas Eugene Clark by April Gruder as Attorney-in-Fact	08/28/2025
	** 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).
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FAQ

What transaction did Thomas Eugene Clark report on Form 4 for GIC?

He reported a disposition of 4,210 shares of Common Stock on 08/27/2025 at $37.77 per share.

Why were the 4,210 shares disposed of according to the filing?

The filing states the shares were surrendered to pay tax liability resulting from the vesting of time-based restricted stock units granted on 08/27/2024.

How many GIC shares does the reporting person own after the transaction?

After the reported transaction, Thomas Eugene Clark beneficially owns 65,740 shares (direct).

When was the Form 4 signed and who signed it?

The Form 4 was signed on 08/28/2025 by Thomas Eugene Clark via an attorney-in-fact, April Gruder.

Was this transaction a market sale or a tax withholding surrender?

The filing explicitly categorizes the disposition as a share surrender to cover tax liability from RSU vesting.