STOCK TITAN

Global Industrial (GIC) Officer Surrenders Shares for RSU Taxes

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

Rhea-AI Filing Summary

Alex Tomey, SVP & Chief Merchandising Officer of Global Industrial Company (GIC), reported a transaction on Form 4 showing a disposition of 3,512 shares of GIC common stock on 08/27/2025 at a price of $37.77 per share. The form states these shares were surrendered to cover tax liabilities arising from the vesting of time-based restricted stock units originally granted on 08/27/2024. After the transaction, Tomey beneficially owns 22,840 shares, held directly.

The Form 4 was filed indicating a single reporting person and was signed on behalf of Tomey by an attorney-in-fact on 08/28/2025. The disclosure is limited to this tax-related share surrender and does not report any other acquisitions, derivative positions, or changes in indirect ownership.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine insider share surrender to cover RSU taxes; modest sale size relative to total company float, no new economic stake change.

The filing documents a common post-vesting tax-related disposition of 3,512 shares at $37.77 following RSU vesting from an award dated 08/27/2024. This is an administrative sale rather than an open-market trade for liquidity or strategic repositioning. The reporting person retains 22,840 shares directly, so there is no material change to overall insider ownership disclosed here. For investors, this is a routine compliance disclosure with limited information on timing beyond the vesting and surrender details.

TL;DR: Disclosure meets Section 16 reporting: tax-surrender of vested RSUs signed by attorney-in-fact; no governance red flags evident.

The Form 4 clearly identifies the relationship of the reporting person as an officer and provides the legal basis for the disposition: shares surrendered to satisfy tax withholding from time-based RSU vesting. The form indicates single-person reporting and includes an attorney-in-fact signature, which is acceptable when properly authorized. There are no indications of derivative exercises, hedging transactions, or related-party transfers in this filing.

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*
Tomey Alex

(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 Merchandising Ofc.
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 3,512(1) D $37.77 22,840 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/ Alex Tomey 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).
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.

FAQ

What did Alex Tomey report on the Form 4 for GIC?

The Form 4 reports a disposition of 3,512 shares on 08/27/2025 at $37.77 per share, surrendered to cover taxes from vested RSUs.

How many GIC shares does Alex Tomey own after the transaction?

The filing shows Tomey beneficially owns 22,840 shares following the reported transaction.

Why were the 3,512 shares disposed of according to the Form 4?

The shares were surrendered to satisfy tax liability incident to the vesting of a time-based restricted stock unit award granted on 08/27/2024.

When was the Form 4 filed and who signed it?

The Form 4 reflects the transaction date 08/27/2025 and was signed on behalf of Alex Tomey by an attorney-in-fact on 08/28/2025.

Does the Form 4 report any option exercises or derivative holdings for Tomey?

No. The filing shows only a non-derivative disposition of common stock related to RSU tax withholding and lists no derivative securities.
Global Industrial Co

NYSE:GIC

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1.15B
18.15M
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Industrial Distribution
Wholesale-industrial Machinery & Equipment
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United States
PORT WASHINGTON