Global Industrial (GIC) VP Axmacher surrenders 509 RSU shares at $37.77

Rhea-AI Filing Summary

Thomas Axmacher, Vice President & Controller of Global Industrial Company (GIC), reported a disposition of 509 shares of the issuer's common stock on 08/27/2025. The Form 4 states the shares were surrendered to satisfy tax withholding obligations related to the vesting of a time-based restricted stock unit award originally granted on 08/27/2024, at a reported transaction price of $37.77 per share. Following the reported transaction, Mr. Axmacher beneficially owns 7,747 shares directly. The filing was signed on 08/28/2025 by an attorney-in-fact.

Positive

• Transaction identified as tax-withholding related to RSU vesting, indicating a compensation settlement rather than an opportunistic market sale
• Clear disclosure of shares surrendered: 509 shares at $37.77 with resulting direct ownership of 7,747 shares

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider tax-withholding share surrender from vested RSUs; small reduction in direct holdings, not indicative of a change in corporate control.

The Form 4 documents a common administrative transaction where an officer surrendered shares to cover taxes on vested restricted stock units granted a year earlier. The disposition of 509 shares reduced direct ownership to 7,747 shares. This is an internal, non-sale transfer for tax purposes rather than an open-market cash sale, and it aligns with standard compensation settlement practices.

Securities Analyst

TL;DR: Small, specified share surrender at $37.77 per share tied to RSU vesting; immaterial to overall float or voting control.

The report specifies a price of $37.77 and confirms the transaction code and explanation referencing tax withholding on vested RSUs from the grant dated 08/27/2024. Given the modest number of shares (509) relative to a public company's outstanding shares, the transaction is unlikely to have material market impact. The filing is complete with signature by an attorney-in-fact on 08/28/2025.

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
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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^*

AXMACHER THOMAS

(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)
	VP & Controller

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		509(1)	D	$37.77	7,747	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 Axmacher 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 GIC insider Thomas Axmacher report on Form 4?

He reported the disposition of 509 shares on 08/27/2025, surrendered to cover tax withholding from vested RSUs granted on 08/27/2024.

At what price were the 509 GIC shares surrendered?

The reported transaction price was $37.77 per share.

How many GIC shares does Thomas Axmacher own after the transaction?

Following the reported transaction he beneficially owns 7,747 shares directly.

Who signed the Form 4 for Thomas Axmacher and when?

The Form 4 was signed by Thomas Axmacher by attorney-in-fact April Gruder on 08/28/2025.

Was the disposition an open-market sale or tax withholding?

The filing explicitly states the shares were surrendered for payment of tax liability related to RSU vesting, not an open-market sale.